Fed Chair Jerome Powell signals path to rate cuts
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US stocks (^DJI, ^GSPC, ^IXIC) climbed higher following Federal Reserve Chair Jerome Powell's Jackson Hole speech, in which he hinted at the possibility of September rate cuts. Wealth Consulting Group chief market strategist Talley Léger joins Market Domination with Josh Lipton and TheBigSkinny.
Fed Chair Powell sparked a big rally as he signaled the central bank could cut rates in September in his remarks at the Jackson Hole policy symposium.
The Fed chair delivered a “virtuoso performance” with his Jackson Hole speech, says State Street’s Michael Arone
Wall Street cheered remarks from Federal Reserve Chair Jerome Powell in Jackson Hole opening the door to a rate cut in September.
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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.
By Ishaan Arora (Reuters) -Gold slipped on Friday due to a firmer dollar, with markets awaiting U.S. Federal Reserve Chair Jerome Powell's speech at the annual Jackson Hole symposium for more insight on the Fed's monetary policy path.
Fed Chair Jerome Powell's address on Friday and Nvidia earnings after the close on Wednesday may hold the keys as to whether the bull market can continue. "In the near-term, if Chair Powell can give a market-friendly speech and NVDA can meet,
The U.S. dollar drifted on Thursday as investors awaited policy cues from the Federal Reserve’s Jackson Hole symposium while keeping an eye on renewed concerns over central bank independence after President Donald Trump’s latest salvo.