Wall Street, Powell and Jackson Hole
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Reactions to Jerome Powell's comments at Jackson Hole. Walmart, Home Depot and retail earnings. Palantir declines.
Markets bet on a September Fed rate cut at Jackson Hole, but sticky inflation, Trump tariffs, and Powell’s framework review could derail expectations.
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
Wall Street ended higher on Friday with the Dow closing at a record high after investors welcomed Federal Reserve Chair Jerome Powell’s remarks at Jackson Hole.
Welcome to The Hill’s Business & Economy newsletter{beacon} Business & Economy Business & Economy The Big Story Powell tees up rate cut, but warns of inflation
Investors are bracing for volatility as Federal Reserve Chair Jerome Powell walks a fine line between curbing inflation and supporting the labor market, with thin August trading poised to magnify any market moves from his Jackson Hole speech on Friday.
The Fed chief is expected to address inflation, interest rates and the economy in his speech on Friday. Will he also confront President Trump’s attacks on central bank independence?
Financial markets are looking for any indication that a rate cut is coming during the annual summit in Wyoming, which sees Federal Reserve Governors, policymakers and economists gather. President Trump has made no secret of his desire for Fed Chair Jerome Powell to cut interest rates.