The Latest Breaking News from Jerome Powell

Asian investors trod carefully Tuesday after the latest bounce in optimism fuelled by hopes Federal Reserve boss Jerome Powell will signal an interest rate cut in a highly anticipated speech to top central bankers this week.

The Nasdaq also extended its stretch of consecutive gains to eight as Advanced Micro Devices popped on M&A news.

The economic data is difficult to parse, and that means Powell’s speech has become correspondingly more difficult to foretell.

Bank officials signal readiness to start interest rate-cutting cycle to ease pressure on households and businesses

Investors appear to have gotten over the turmoil that beset trading floors this month as a string of data suggested that worries of a US recession had been overdone.

September S&P 500 E-Mini futures (ESU24) are down -0.02%, and September Nasdaq 100 E-Mini futures (NQU24) are down -0.21% this morning as investors looked ahead to the release of the minutes of the Federal Reserve’s latest policy meeting, Fed Chair Jerome Powell’s speech at Jackson Hole, and earnings reports from…

The release of the Fed minutes on Wednesday and Chair Jerome Powell's speech on Friday are expected to be key in influencing markets throughout the week.

Asian stocks are mixed as investors ponder the upcoming meeting of the Federal Reserve, while Wall Street coasted to the close of its best week since November with a slight uptick in U.S. stocks Friday

Asian markets mostly rose Monday following last week's strong performance, with traders focused on a closely followed meeting of central bank chiefs where the Federal Reserve's Jerome Powell is due to deliver a key speech.

Presidential candidates, bankers and economists will all be keen to hear what the Fed chair foresees for interest rates

Prices rose at an annual rate of 2.9% in July, as inflation dipped below 3% for the first time since 2021