Federal Reserve Chair Jerome Powell signaled a likely interest rate cut in September, noting "downside risks" to employment.

Jerome Powell’s Jackson Hole speech pointed to a possible Fed policy shift as the jobs market weakens amid persistent ...

What Happened? Shares of e-commerce platform Shopify (NYSE:SHOP) jumped 3.8% in the afternoon session after the broader market rallied as the Federal Reserve signaled potential interest rate cuts.

Fed Chair Jerome Powell outlined the central bank's renewed focus on the labor market in the months ahead, which has big ...