Powell's Last Jackson Hole Speech Could Be a Big 1
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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.
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
U.S. stock indexes are edging lower on Thursday as Walmart drags Wall Street toward a fifth straight loss and hopes dim a bit for coming cuts to interest rates. The S&P 500 dipped 0.4% and was on track for a fifth straight modest loss since setting an all-time high last week.