Federal Reserve Chair Jerome Powell on Friday highlighted twin economic risks of a slowing labor market and rising inflation, but opened the door to rate cuts in a widely anticipated speech at the annual Jackson Hole, Wyoming economic forum. “Risks to inflation are tilted to the upside, and risks to employment are to the downside —…
U.S. stock futures inched higher Friday as investors await news out of Jackson Hole, Wyoming, where Federal Reserve Chair Jerome Powell is set to speak later this morning. S&P 500 futures were up 15 points, or 0.2%, as of 8:55 a.m. EST, while Dow Jones Industrial Average futures added 140 points, or 0.3%. Tech-heavy Nasdaq…
By Shashwat Chauhan and Sanchayaita Roy (Reuters) -U.S. stock index futures edged higher on Friday, recovering slightly from the previous session’s losses as investors awaited Federal Reserve Chair Jerome Powell’s address at the Jackson Hole Symposium for clues on the interest-rate path. At the Wyoming research conference last year, Powell had promised to lower rates…
JACKSON HOLE, Wyo. — When Federal Reserve Chair Jerome Powell gives his last speech in Jackson Hole, Wyo., investors will be listening for whether he signals an interest rate cut is coming next month. But Powell’s outline of two bigger questions facing the Fed will shape the future of the central bank in ways that…
MANILA, Philippines (AP) — Asian shares were mixed on Friday after Wall Street fell to a fifth straight loss, hurt by losses for Walmart and worries over coming cuts to interest rates. Traders remain cautious, looking for cues about U.S. monetary policy from a meeting of central bankers in Jackson Hole, Wyoming, where Federal Reserve…
US stock futures were mixed as Wall Street readied for the main event of the week: Federal Reserve Chair Jerome Powell’s speech at the Jackson Hole symposium in Wyoming. Futures attached to the Dow Jones Industrial Average (YM=F), the benchmark S&P 500 (ES=F), and the tech-heavy Nasdaq 100 (NQ=F) ticked up 0.1%. Stocks swung last…
Ahead of Federal Reserve Chair Jerome Powell’s pivotal Jackson Hole address on Friday, cryptocurrency bettors are pricing in more than an 80% chance that the central bank cuts interest rates this year. On the prediction platform Polymarket, the likelihood that the Fed loosens its monetary policy on or before Dec. 31 stood at 85% at…
Hong Kong stocks rose on Friday as investors awaited the outcome of the US Federal Reserve’s annual Jackson Hole meeting, while a JPMorgan report suggesting a rally in onshore Chinese stocks will continue acted as a catalyst. The Hang Seng Index added 0.3 per cent to 25,192.50 at 11.30am local time, paring the weekly loss…
By Gregor Stuart Hunter SINGAPORE (Reuters) -Stocks in Asia edged higher in a shaky start on Friday as anxious traders awaited a speech from Federal Reserve Chair Jerome Powell at the annual Jackson Hole symposium. Financial markets are looking out for Powell to provide clues about the likelihood of a September rate cut in the…
SHANGHAI, CHINA – AUGUST 14, 2025 – Tourists are visiting the Bund in Shanghai, China on August 14, 2025. Cfoto | Future Publishing | Getty Images Asia-Pacific markets traded mixed Friday as investors look to U.S. Federal Reserve Chair Jerome Powell’s speech at the central bank’s annual economic symposium, which could offer clues into the…