Fed Chair, Jerome Powell and interest rates
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The stock market surged Friday after Federal Reserve Chair Jerome Powell signaled openness to the central banks cutting rates soon.
Stocks climbed and U.S. Treasury yields and the dollar fell on Friday after Federal Reserve Chair Jerome Powell pointed to a possible rate cut at the central bank's September meeting.
Stocks rose sharply Friday morning, after remarks by Federal Reserve Chair Jerome Powell prepared for delivery in Jackson Hole, Wyoming, signaled a rate cut may be warranted. Stocks had opened higher ahead of the speech,
Enterprise software stocks, along with most of the market, jumped following Federal Reserve Chair Jerome Powell's speech on Friday morning in Jackson Hole, Wyo.
Rate-sensitive stocks rallied on Friday after U.S. Federal Reserve Chair Jerome Powell hinted that an interest-rate cut could be on the table in September, citing a shifting balance of risks.