Stock Market Today: Dow surges more than 850 points as Powell opens door to rate cut, S&P 500 aims for fresh record close, Nasdaq jumps MarketWatch Top Stock Movers Now: Enphase Energy, Zoom, Intuit, and More Yahoo Finance Wall St jumps after Powell hints at possible Fed rate cut Reuters Nvidia, Builders FirstSource, Zoom, Intuit, Workday, BJ’s, Ubiquiti, and More Movers Barron’s Enphase Energy …
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Fed Officials Clash over September Rate Cuts. Who Wins the Fight?
At Jackson Hole, Cleveland Fed President Beth Hammack made it clear she does not see room for rate cuts right now. “I see an inflation picture that is too high and rising, and moving in the wrong direction,” she said Thursday. For Hammack, the labor market is still “reasonably good,” which in her view removes any urgency to move in …
Read More »Fed’s Powell opens door to rate cut, citing job market risks – Politico
Fed’s Powell opens door to rate cut, citing job market risks Politico Powell indicates conditions ‘may warrant’ interest rate cuts as Fed proceeds ‘carefully’ CNBC Jerome Powell Suggests Fed Will Soon Cut Interest Rates in Jackson Hole Speech The New York Times Stocks surge after Powell signals rate cuts ahead Axios Watch Live: Fed Chair Jerome Powell speaks about economy in Jackson Hole speech CBS …
Read More »Powell Delivers Final Jackson Hole Speech Today—What To Watch For, Including Interest Rate Clues
Topline Federal Reserve Chair Jerome Powell will take the stage at the Fed’s annual symposium in Jackson Hole, Wyoming, for the final time on Friday, as investors and the Trump administration await signs the central bank will soon ease interest rates. The Trump administration has pressured Powell, whose term as Fed chair expires next year, to step down as chair …
Read More »Fed’s Schmid Expresses Doubts About September Rate Cut
Kansas City Federal Reserve President Jeffrey Schmid has expressed doubts about whether the central bank will lower interest rates in September as widely hoped by investors. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. In an interview on CNBC, Schmid …
Read More »Asian Stocks in Tight Range as Rate Cut Bets Pared: Markets Wrap – Bloomberg.com
Asian Stocks in Tight Range as Rate Cut Bets Pared: Markets Wrap Bloomberg.com Asian shares choppy, dollar steady as traders await Powell speech Reuters Global Markets Mostly Lower as Fed Minutes Awaited The Wall Street Journal Asian Markets Tick Up As Investors Eye Jackson Hole Meeting Barron’s Stock futures are little changed ahead of Powell’s Jackson Hole speech: Live updates CNBC Source link
Read More »Exclusive | Divisions Grow Inside Fed Ahead of Decision on September Rate Cut – The Wall Street Journal
Exclusive | Divisions Grow Inside Fed Ahead of Decision on September Rate Cut The Wall Street Journal Wager for Half-Point Rate Reduction Faces Test of Powell Remarks Bloomberg.com Fed officials lukewarm on September rate cut as markets await Powell speech Reuters Stocks Fall as Inflation Chatter Makes a September Rate Cut Seem Less Certain Barron’s The Fed’s September dilemma Peterson Institute for International Economics Source …
Read More »Apple Watch helps user discover brain tumor after unusual heart rate alerts
The Apple Watch’s health features have once again played a part in flagging a potential health problem. A 57-year-old woman from Brighton, East Sussex says her Apple Watch alerted her to an issue that ultimately led doctors to uncover a brain tumor. Sam Adams told The Sun that her Apple Watch repeatedly flagged an unusually low heart rate after she returned from …
Read More »President Trump may want a lower base rate on behalf of consumers, but it sure is convenient for national debt too
It’s true the housing market has ground to a halt. And at some point, a lower base rate could improve the mortgage offers made to would-be buyers and kick-start activity in the sector. “Could somebody please inform Jerome ‘Too Late’ Powell that he is hurting the housing industry, very badly?” the president wrote on Truth Social this week. “People can’t …
Read More »Air fares and food prices push rate up to 3.8% in July
Karen Hoggan Business reporter, BBC News Getty Images Prices in the UK rose by 3.8% in the year to July, driven mainly by a jump in the price of air fares and food. That means inflation is at its highest level since January 2024 and still far above the Bank of England’s target of 2%, according to the Office for …
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