#FedDovishNow
Powell's Unexpected Shift at Jackson Hole
As Powell signals a softer monetary stance, U.S. stock markets rise with expectations of possible rate cuts.
Driven by upcoming economic data on employment and inflation that may dictate the Federal Reserve's next moves.
U.S. stock markets rose on Friday following the moderate turn from Federal Reserve (FED) Chairman Jerome Powell during his speech at the Jackson Hole symposium.
This could pave the way for an interest rate cut at the Federal Open Market Committee (FOMC) meeting in September.
This change came just days after the release of the restrictive FOMC minutes from July, which had highlighted the risks of rising inflation.
