US EditionMarkets React to Anticipated Fed Rate Cut and Global Developments
Federal Reserve Chair Jerome Powell indicated a likely September rate cut due to labor market weakening; investor optimism drove Hong Kong's Hang Seng Tech Index up 3.1%.
- On Friday at Jackson Hole, Federal Reserve Chair Jerome Powell gave the clearest signal yet that a rate cut is coming, prompting investors to expect cuts at the September FOMC meeting and driving Hong Kong's Hang Seng index 1.9% higher at 25,829.91.
- Powell cited the labor market when saying a stable but weakening labor market and the Fed's dual mandate could prompt policy changes, warning import tariffs from the Trump administration may raise prices.
- In the hours after Powell's speech, markets priced nearly 90% odds of a September cut, U.S. stocks rallied with the S&P 500 up 1.5 and Nasdaq jumping 1.9, and major Wall Street brokerages revised forecasts.
- Investors now overwhelmingly expect a 0.25 percentage point cut, with the FOMC meeting on September 16 and 17 and the August jobs report influencing the decision.
- Analysts caution that a cut could be seen as political influence amid President Donald Trump's recent pressure on Federal Reserve Chair Jerome Powell, while Shiba Inu surged 12% in response.
21 Articles
21 Articles
Markets React to Anticipated Fed Rate Cut and Global Developments
Markets React to Anticipated Fed Rate Cut and Global Developments On Monday, U.S. stock indexes experienced a slight decline after Friday's gains, following Federal Reserve Chair Jerome Powell's indication of a potential September interest rate cut. The dollar rose in response to his comments, while investors awaited key economic data that may influence the Fed's forthcoming policy decisions.Major financial players like Barclays and Deutsche Ban…
Finally! ‘Too Late’ Powell Considers Rate Cuts
by Michael Busler at CDN - Recently, Federal Reserve Chair Jerome Powell hinted at a potential shift in his stance regarding interest rate cuts. He remarked, “Nonetheless, with policy in restrictive territory, the baseline outlook and the shifting balance of risks may warrant adjusting our policy stance.” This suggests he is considering a rate cut as early as September. As I … Click to read the rest HERE-> Finally! ‘Too Late’ Powell Considers Ra…
Bitcoin, ether erase gains driven by Fed Chair Powell's hints of coming rate cut: CNBC Crypto World
On today's episode of CNBC Crypto World, ether pulled back to start the week, after hitting a fresh record over the weekend. And, crypto exchange Gemini launches an XRP credit card with Ripple, offering crypto rewards up to 4% on certain purchases. Plus, CNBC Crypto World takes a deep dive into how Wyoming has evolved into a crypto hub and the recent moves to help catapult the state to the next level.
Treasuries Fall as Traders Weigh Rate-Cut Outlook After Powell
US Treasuries slipped ahead of a series of government bond auctions this week, pulling back from the rally unleashed Friday when Federal Reserve Chair Jerome Powell indicated that interest rate cuts may come as soon as next month.
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