CRCL, COIN, MSTR Among Crypto Stock Rally as Powell Signals Possible September Rate Cuts

Wall Street gets the rally signals from Powell it was hoping for

For much of this month, Wall Street traders piled into stocks and bonds, betting that the Federal Reserve was finally ready to start cutting interest rates again. All they were waiting on was the green light from Jerome Powell to…

Powell signals potential interest rate cut soon

NEW YORK, Aug. 22 (Xinhua) -- U.S. Federal Reserve Chair Jerome Powell on Friday signaled the possibility of lowering a key interest rate soon, saying that the central bank will proceed cautiously as it continues to evaluate the impact of policies on the economy. Read full story

Wall Street rallies over hopes that the Federal Reserve will lower interest rates

Wall Street is rallying on Friday toward its best day in months after the head of the Federal Reserve hinted the cuts to interest rates that investors and President Donald Trump crave so much may be on the way.

Wall Street Gets the Rally Signals From Powell It Was Hoping For

For much of this month, Wall Street traders piled into stocks and bonds, betting that the Federal Reserve was finally ready to start cutting interest rates again. All they were waiting on was the green light from Jerome Powell to keep the rally going.

US Fed’s Powell, citing jobs risk, opens door to interest rate cuts but doesn’t commit

He pointed to a possible rate cut at the central bank’s September meeting. Read more at straitstimes.com.

CRCL, COIN, MSTR Among Crypto Stock Rally as Powell Signals Possible September Rate Cuts

Circle, eToro and Marathon led sharp gains on Friday after Federal Reserve Chair Jerome Powell hinted that a policy shift could come next month.