26th August 2024

  • Powell Says ‘Time Has Come’ for Fed to Cut Interest Rates

Fed chief more confident inflation on sustainable path to 2%

Says Fed doesn’t seek, welcome further cooling in labor market

https://blinks.bloomberg.com/news/stories/SIOIF3T0G1KW

  • Powell’s Pivot Leaves Traders Debating Size, Path of Rate Cuts

Fed chair says ‘time has come’ for easing in clearest signal

His remarks came before a flare-up of conflict in Middle East

https://blinks.bloomberg.com/news/stories/SIRN53DWX2PS

  • Major Central Banks Now Aligned as Powell Signals Fed Cuts Ahead

ECB and Bank of England officials also signal lower rates

Global officials shift concerns from inflation to employment

https://blinks.bloomberg.com/news/stories/SIOGDRDWLU68

  • Jerome Powell’s Pivot Fuels an All-Conquering Wall Street Rally

Traders cheer as Fed chief eyes rate cuts to help labor market

Rallying assets seen helping Powell’s bid to stabilize growth

https://blinks.bloomberg.com/news/stories/SIO7LJT0G1KW

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