Home Business Fed Chair Jerome Powell signals possible rate cut, sending stocks sharply higher

Fed Chair Jerome Powell signals possible rate cut, sending stocks sharply higher

by admin

Fed Chair Jerome Powell signaled a potential rate cut at his much anticipated speech in Jackson Hole, Wyoming — but stopped short of promising a rate cut at the next Fed meeting in September.

Federal Reserve chairman Jerome Powell signaled a possible interest rate cut in the months to come, sending stocks sharply higher.

(Image credit: Natalie Behring)

Original Article

You may also like

Leave a Comment

one × 1 =