US EditionPowell Signals Likely Interest Rate Cut In Jackson Hole Speech—Igniting Stock Rally (Live Updates)
Jerome Powell's final Jackson Hole speech will address inflation above the 2% target, labor market challenges, and signal possible September rate cuts amid political pressures.
- On Friday, Federal Reserve Chair Jerome Powell will deliver his Jackson Hole address at 10 a.m. ET, billed as an "Economic Outlook and Framework Review" and his last as chair before his term ends in May.
- Shortly after the July Fed meeting, Federal Reserve Chair Jerome Powell faces pressure from President Donald Trump amid weak job growth and rising July inflation, while Fed officials worry inflation may worsen in coming months.
- Market data show nearly 70% of traders expect a September rate cut and investors price two cuts by year-end; Goldman Sachs economist David Mericle said, `he is likely to support one.'
- If Powell meets expectations, investors could still "sell the news" as Bitcoin and Ethereum ETFs saw outflows of USD 315.9 million and USD 240.2 million on Wednesday, dampening risk appetite.
- With the framework review underway, analysts expect Powell to signal retooling the Federal Reserve's 2020 framework toward preemption, yet regional presidents Beth Hammack, Raphael Bostic and Jeffrey Schmid remain cautious about a September cut.
58 Articles
58 Articles
Stocks climb as investors bet on rate cut following Jerome Powell speech
Markets rose Friday after Federal Reserve Chair Jerome Powell appeared to open the door to lowering interest rates, something analysts say would help boost overall activity in the U.S. economy but at the risk of spurring inflation.
Fed's Rate Cut Signal Sparks Market Rally
Investors cheer Powell’s remarks, as stocks and crypto soar on hopes for a September rate reduction. Stocks rallied on Friday following remarks from Federal Reserve Chair Jerome Powell, who hinted at the possibility of an interest rate cut as soon as next month. Speaking at the Jackson Hole conference, Powell stated that “the baseline outlook […] Fed’s Rate Cut Signal Sparks Market Rally
Lower interest rates coming, Fed chair Jerome Powell signals
The Federal Reserve is likely to cut interest rates for the first time this year at its next meeting in September, Fed Chair Jerome Powell said Friday. The move is likely to please President Donald Trump, who has aggressively pushed for lower rates, but Powell indicated that a weak job market — not Trump’s criticism — will drive the decision. “Downside risks to employment are rising,” Powell said at an annual conference hosted by the Federal Res…
Washington. The president of the US Federal Reserve (Fed), Jerome Powell, left open the possibility of cutting interest rates, although he warned that the risks of higher inflation and a weakening of the labor market are creating a complex situation. “The downside risks to employment are increasing,” Powell said during the Jackson Hole Economic Policy Symposium. “While the labor market seems to be in balance, it is a curious balance that results…
Fed Chair Jerome Powell Might Cut Interest Rates
Federal Reserve chair Jerome Powell finally suggested that conditions in the economy “may warrant” a cut to interest rates. He made the comments today from Jackson Hole. “With policy in restrictive territory, the baseline outlook and the shifting balance of risks may warrant adjusting our policy stance,” Powell said. Powell has been costing Americans a […] The post Fed Chair Jerome Powell Might Cut Interest Rates appeared first on www.independe…
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