Dow notched a record close
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Jerome Powell Jackson Hole speech today comes at a critical moment for the economy and markets. The Fed chair is set to speak at 10:00 a.m. ET, and Wall Street is holding its breath to see if he signals a September rate cut,
The Fed may need to cut rates at its next meeting due to growing risks to the economy, including some “unusual” behavior in the job market that could become a cause for concern, Fed Chair Jerome Powell said Friday.
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.