All Eyes On Jerome Powell’s Last Jackson Hole Speech
Digest more
The FTSE 100 and European stocks were higher on Friday as markets turn their attention to the much-anticipated speech by US Federal Reserve chair Jerome Powell. He is set to speak
3hon MSN
World shares are mixed as traders await cues on U.S. monetary policy from Jackson Hole meeting
World shares were mixed on Friday after Wall Street fell to a fifth straight loss, hurt by losses for Walmart and worries over coming cuts to interest rates.
Federal Reserve chair is under bombardment from Donald Trump and battling an insurgency within the central bank
The upbeat Purchasing Managers Index (PMI) data from the US boosted the US Dollar (USD) in the second half of the day on Thursday. S&P Global Composite PMI improved to 55.4 in August's preliminary estimate from 55.1 in July, pointing to an ongoing expansion in the private sector's activity at an accelerating pace.
In a typical year, Jackson Hole sparks excitement mostly among market watchers. This time, the symposium feels more pivotal.
Britain's FTSE 100 closed at a record high for the third straight day on Thursday with healthcare stocks leading the gains, while fresh economic data reinforced signs of resilience in the UK economy.