Powell Opens the Door to Rate Cuts
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Jerome Powell said the labor market might be softening enough to rein in inflation that is being pushed up by tariffs .
Investors’ expectations of lower interest rates were reflected in the major stock indexes and lower government bond yields.
Federal Reserve Chair Jerome Powell didn't "promise" to cut interest rates in September and may not adjust rates if there are dramatic surprises in the data in the coming weeks, said former Boston Fed President Eric Rosengren.
Ether, the second-largest cryptocurrency, surged 14% on Friday after Fed Chair Jerome Powell’s Jackson Hole remarks renewed hopes of an
While Trump frames the issue as consumer pain, Wharton’s Joao Gomes told Fortune that cheaper borrowing would also ease interest payments on the government’s $37 trillion debt burden—likely a central motivation.
This striking chart from the Brooking Institution's Robin Brooks lays out that no matter Fed Chair Jerome Powell articulates, there are issues in the Treasury market that lie beyond short-term interest rates.
The dollar was trading steady as investors wait for clues on the Federal Reserve's plans for interest-rate cuts. The Fed's meeting minutes will be released at 1p.m. Eastern time. However, the decisive
Wall Street's main indexes ended higher on Friday, with the blue-chip Dow hitting a record closing high, as investors piled into stocks after U.S. Federal Reserve Chair Jerome Powell hinted at a near-term interest-rate cut during his Jackson Hole Symposium speech.