Powell puts rate cut on table
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Federal Reserve Chair Jerome Powell delivers a high-profile address at the annual Jackson Hole Economic Policy Symposium.
Martin Baccardax, Senior Writer at Barron's, says the slowdown in the labour market, inflationary pressure, and concerns about tariffs make forecasts for the market 'tricky'. In addition, potential interest rate changes by the Fed have an impact on tech stocks.
Federal Reserve Chair Jerome Powell didn't "promise" to cut interest rates in September and may not adjust rates if there are dramatic surprises in the data in the coming weeks, said former Boston Fed President Eric Rosengren.
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Powell Says Conditions ‘May Warrant’ Interest Rate Cut In Jackson Hole Speech (Live Updates)
The Trump administration has pressured Powell, whose term as Fed chair expires next year, to step down as chair of the central bank.
2hon MSN
Powell hints at potential interest rate cuts. What that means for homeowners hoping to refinance
Fed Chair Jerome Powell hinted at potential interest rate cuts on Friday. If the slash materializes, experts say the move could be "good news" for mortgages.
Japan's Ministry of Finance is preparing to ramp up the interest rate it factors in for long-term government bonds to the highest level in 17 years as it gathers in other ministries' budget requests for fiscal 2026/27,
President Donald Trump has gone on a bond buying spree since taking office, reportedly sinking more than $100 million into debt issued by big companies and municipal governments alike.
U.S. stocks are ticking higher on Friday ahead of a highly anticipated speech about where U.S. interest rates may be heading.