Powell's Last Jackson Hole Speech Could Be a Big 1
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Wall Street cheered remarks from Federal Reserve Chair Jerome Powell in Jackson Hole opening the door to a rate cut in September.
Wall Street's main indexes climbed on Friday following a recent string of losses as investors awaited U.S. Federal Reserve Chair Jerome Powell's address at the Jackson Hole Symposium for insights into the interest-rate path.
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.
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