Fed’s Powell Warns of US Slowdown, Boosts Rate Cut Optimism

Fed’s Powell Warns of US Slowdown, Boosts Rate Cut Optimism

In his closely watched keynote at the Jackson Hole economic symposium, Federal Reserve Chair Jerome Powell delivered a sobering assessment of the U.S. economy, highlighting a notable slowdown in GDP growth and a stall in job creation amid mounting policy uncertainties. Drawing from recent data, Powell noted that second-quarter GDP expanded at an annualized rate of just 1.3%, a sharp deceleration from the robust 3% pace seen earlier in the year, …

US equity indices spike on Jerome Powell’s interest rate comments - portfolio institutional

All three major US equity indices: The Nasdaq, the Dow Jones and S&P 500 spiked on hearing Fed Reserve chair Jerome Powell’s change of heart towards cutting interest rates, even if his Jackson Hole speech lacked one key detail – when America’s first interest rate cut of 2025 might actually come. This comes after months of intense pressure from President Trump to cut rates, America’s most senior central banker has now finally signalled his willin…