Wall Street Surges As Powell Cements September Rate Cut Hopes

U .S. stocks rallied on Friday as dovish remarks from U.S. Federal Reserve Chair Jerome Powell solidified expectations that the central bank will cut its key policy rate in September. In highly anticipated remarks before the Jackson Hole Economic Symposium, Powell said: “The time has come” to lower the Fed funds target rate, and “the...The post Wall Street Surges As Powell Cements September Rate Cut Hopes first appeared on New Telegraph.The post Wall Street Surges As Powell Cements September Rate Cut Hopes appeared first on New Telegraph.

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