Russell 2000 Outshines S&P 500, Nasdaq 100 As Powell Eyes Rate Cuts; Dollar Sinks, Regional Banks Rocket: What's Driving Markets Friday?
SA Sentiment Survey: Most Investors Believe Republicans Will Benefit the Stock Market
Full Text of Powell Jackson Hole Speech: It's Time for Policy Adjustments
① Powell clearly stated in his speech that it is time to adjust policies; ② The chairman of the Federal Reserve said that the timing and speed of interest rate cuts will depend on future data, changing outlooks, and balancing risks.
SA Sentiment Survey: More Than Half of Investors Expect Cuts in September and November/December
Express News | Major Indexes Are Trading Higher After Fed Chair Powell Offered an Optimistic U.S. Economic Outlook and Indicated Future Rate Cuts. Also, the Economic Data for New Home Sales for July Beat Expectations
Tonight, the global market is holding its breath waiting for Powell!
Given Powell's character, he is likely to remain tight-lipped about the timing of interest rate cuts, and even less likely to reveal how much the interest rates may drop. Nevertheless, his remarks on the labor market could signal an important rate cut.
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