Wall Street, Jerome Powell and Jackson Hole
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The FTSE 100 and European stocks were higher on Friday as markets turn their attention to the much-anticipated speech by US Federal Reserve chair Jerome Powell. He is set to speak
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Central Illinois Proud on MSNFed Chair Jerome Powell to give Jackson Hole speech as traders await cues on US monetary policy
Wall Street pointed modestly higher before the bell Friday as markets tried to snap a weeklong losing streak ahead of widely anticipated speech by Federal Reserve Chair Jerome Powell.
Federal Reserve Chair Jerome Powell on Friday opened the door ever so slightly to lowering a key interest rate in the coming months but gave no hint on the timing of a move and suggested the central bank will proceed cautiously as it continues to evaluate the impact of tariffs and other policies on the economy.
Traders appeared more certain that the Federal Reserve will cut interest rates at its monetary-policy meeting next month as Fed Chair Jerome Powell delivered remarks Friday at the annual Jackson Hole Economic Policy Symposium in Wyoming.