The Latest Breaking News from Jerome Powell

Investors will increasingly focus on upcoming economic data to gauge soft landing odds that have helped drive stock performance in 2024. Given an evolving macroeconomic landscape, it could be wise to invest in under-the-radar socks Workday (WDAY), CrowdStrike (CRWD), and Novavax (NVAX), which could be tomorrow’s blue chips. Read more.

September S&P 500 E-Mini futures (ESU24) are up +0.11%, and September Nasdaq 100 E-Mini futures (NQU24) are down -0.10% this morning as market participants awaited an earnings report from semiconductor stalwart Nvidia as well as the release of the Fed’s preferred inflation gauge later in the week.

The ASX200 has climbed 0.8 per cent as the local currency neared 68 US cents after Fed chairman Jerome Powell declared "the time had come" for US rate cuts.

Most Asian equities rose with the yen on Monday after US Federal Reserve boss Jerome Powell said "the time has come" to start cutting interest rates, lining up the central bank for a move as soon as next month.

The Federal Reserve is widely expected to start cutting rates in September after 11 rises in 16 months

Stocks surge as Fed hints at rate cuts. Powell signals adjustments due to slowing inflation and job growth concerns.

Fed Chair Powell's Jackson Hole speech struck a dovish tone which sent stocks soaring Friday.

He delivered the news during an economic summit in Jackson Hole, Wyoming

Federal Reserve Chair Jerome Powell all but proclaimed mission accomplished in the fight against inflation and signaled that interest rate cuts are coming in a much-anticipated speech Friday in Jackson Hole, Wyoming