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News

Wall Street, Jerome Powell

Reuters on MSN · 16h
Wall Street closes higher as Powell hints at Fed rate cut
Wall Street's main indexes ended higher on Friday, with the blue-chip Dow hitting a record closing high, as investors piled into stocks after U.S. Federal Reserve Chair Jerome Powell hinted at a near-term interest-rate cut during his Jackson Hole Symposium speech.
The Wall Street Journal · 15h
What Wall Street Thought of Today’s Powell Speech
Wall Street traders dialed up bets on rate cuts Friday and tamped down their expectations of future volatility. Futures pricing Friday suggested traders saw a roughly 83% chance that the Fed will cut rates at its next meeting,
Detroit Free Press · 1h
Powell hints at interest rate cuts and Wall Street cheers with big rally
Speaking at the annual Jackson Hole symposium, Powell said that with policy still restrictive and job market data weakening, the Fed could soon pivot.
18h

Wall Street Roundup: Markets Celebrate Powell's Jackson Hole Comments

Reactions to Jerome Powell's comments at Jackson Hole. Walmart, Home Depot and retail earnings. Palantir declines.
15hon MSN

US stocks tick higher as Wall Street waits for a speech on interest rates

U.S. stocks are ticking higher ahead of a highly anticipated speech about where interest rates may be heading.
23hon MSN

Dollar Lifted by Bets Powell Will Remain Cautious on Rate Cuts

The dollar was higher, lifted by bets Fed Chair Powell will remain cautious on rate cuts in Jackson Hole speech.

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