US EditionDow Hits Record High After Fed Chair Hints at September Rate Cuts
The Dow rose 732 points after Fed Chair Powell hinted at a likely September rate cut, with markets pricing in a 90% chance, fueling investor optimism despite inflation concerns.
- On Aug 22, Wall Street rallied after Federal Reserve Chair Jerome Powell opened the door to lowering rates, with the Dow Jones Industrial Average closing above 45,700 at a fresh record.
- Speaking at Jackson Hole, Powell signaled the baseline outlook and shifting risks may warrant adjusting policy, leading markets to price around 90% odds of a quarter-point cut at the September meeting.
- Major benchmarks climbed, with the Dow Jones Industrial Average adding 1.9 per cent to 45,631.74 as the S&P 500 rose 1.2% and the Nasdaq Composite gained nearly 1.3%.
- Immediate market gains face a caveat as any fresh sparks in inflation data could knock back the Federal Reserve’s willingness to explore rate cuts next month, though lower rates would boost corporate profits and investor spending.
- Persistent Core Personal Consumption Expenditures Price Index inflation above 2.6% since April 2021 complicates rate cuts, while Powell flagged inflation and jobs trade-offs in his Jackson Hole speech, with the Core PCE due next week.
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Dow Jones Hits Record High as Fed Signals Possible Rate Cut
JACKSON HOLE, WY – The Dow Jones Industrial Average clinched a record high Friday for the first time this year hours after Federal Reserve Chair Jerome Powell hinted that the Fed may soon lower interest rates. The Dow climbed 846 points, or 1.89%, from Thursday’s close to an all-time high of 45,631.74. Both the broadly diversified S&P 500 and the tech-heavy Nasdaq have recorded more than 15 record highs in 2025. Investors across the country watc…
Coverage Details
Total News Sources67
Leaning Left5Leaning Right14Center11Last UpdatedBias Distribution47% Right
Bias Distribution
- 47% of the sources lean Right
47% Right
L 17%
C 37%
R 47%
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