Jackson Hole, Powell and Wall Street
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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 is holding relatively steady ahead of a highly anticipated speech about where U.S. interest rates may be heading.
While Jerome Powell delivers his annual address, President Trump issues a fresh threat against a Fed governor, Lisa Cook.
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
Gold edged down as investors awaited the Federal Reserve’s Jackson Hole gathering for clues on the path for US interest rates.Bullion traded around $3,340 an ounce, paring some of the gains made on Wednesday when President Donald Trump’s call for Fed Governor Lisa Cook to resign bolstered haven demand.