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Jerome Powell signals Fed rate cut In Jackson Hole speech
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· 15h
Fed Chair Jerome Powell signals possible rate cut, sending stocks sharply higher
"While the labor market appears to be in balance, it's a curious kind of balance that results from a marked slowing in both the supply of and demand for workers," Powell said.
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· 11h
Stocks end sharply higher after Powell opens door to rate cut in Jackson Hole speech
The U.S. stock market closed sharply higher Friday, as investors cheered the potential for interest rate cuts following Federal Reserve Chair Jerome Powell’s speech at the Jackson Hole Economic Policy...
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· 21h
Stocks in holding pattern as traders await Powell speech
A surge in U.S. producer prices in July has caused investors to pare bets on Fed rate cuts, with futures markets now pricing a 66% chance of a 25 basis point cut at its next meeting in September, dow...
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14h
Moments after Jerome Powell’s latest speech, Trump threatens to fire Fed governor Lisa Cook if she doesn’t resign
Two days earlier, the suddenly embattled Fed governor Lisa Cook said she had “no intention of being bullied to step down.”
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