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Wall Street closes higher

Powell's Dovish Tone Sparks Wall Street Rally, S&P 500 Rebounds From Losing Streak

The financial world was abuzz on Friday as Federal Reserve Chair Jerome Powell hinted at a potential interest rate cut in September, sparking a significant rally on Wall Street.

Detroit Free Press · 13h

Powell hints at interest rate cuts and Wall Street cheers with big rally

Speaking at the annual Jackson Hole symposium, Powell said that with policy still restrictive and job market data weakening, the Fed could soon pivot.

Reuters on MSN · 1d

Wall Street closes higher as Powell hints at Fed rate cut

Wall Street's main indexes ended higher on Friday, with the blue-chip Dow hitting a record closing high, as investors piled into stocks after U.S. Federal Reserve Chair Jerome Powell hinted at a near-term interest-rate cut during his Jackson Hole Symposium speech.

1don MSN

Powell to give his last Jackson Hole speech under watchful gaze of Wall Street and the White House

Both Wall Street and the White House will be paying close attention to Fed Chair Jerome Powell’s high-profile speech Friday ...

4hon MSN

Powell ‘holds the key’ to the next Fed rate move as divided policymakers will likely fail to reach a consensus again, JPMorgan says

Another contested meeting would mark further deviation from the Fed's traditional consensus-driven decision-making process.

1d

Powell Takes Center Stage, With Wall Street and Washington Watching

The Fed chief is expected to address inflation, interest rates and the economy in his speech on Friday. Will he also confront ...

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