Jackson, WY

Columbus, OH

Kiplinger

Sentiment turned cautious ahead of Fed Chair Powell's highly anticipated speech Friday at the Jackson Hole Economic Symposium.

Stock Market Today: Stocks Drop Ahead of Powell's Jackson Hole Speech

The four largest banks in the US now believe the Federal Reserve is about to cut interest rates amid rising recession fears. A Bank of America economist says a September Fed rate cut is a “virtual lock” following last week’s $6.4 trillion global stock market rout, reports Business Times.

JPMorgan Chase, Bank of America, Wells Fargo and Citi Predict Abrupt Fed Rate Cuts Amid Global Market Turbulence: Reports

Yields and prices move in opposite directions. One basis point equals 0.01%. Powell is set to give a speech at the annual Jackson Hole symposium on Friday. His comments come after the release of minutes from the central bank's July policy meeting. The minutes showed the "vast majority" of Fed...

Treasury yields rise as traders await Powell remarks

Jerome Powell is seen prepping markets for a 25 basis point rate cut at the Fed's September meeting. The Fed chair is also anticipated to signal a cautious approach to cutting rates further. Traditional markets have been in rally mode, but bitcoin continues to struggle. More than two and one-half...

Fed Chair Jerome Powell Expected to Set Stage for September Rate Cut

New York City, NY

Nassau County, NY

A convicted New York drug dealer and predatory lender who was freed from federal prison after his sentence was commuted in 2021 by then-President Donald Trump was arrested on assault charges. Jonathan Braun is accused in Nassau County court of assaulting his elderly father-in-law as he tried to protect his...

New York drug dealer whose prison sentence Trump commuted arrested on assault charges

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Trailer Empire

The bond market has been buoyed by the Federal Reserve's recent hints that a rate cut may be on the horizon this September, leading to a noticeable drop in mortgage rates. Investors are reacting to the Fed's subtle language changes, anticipating a potential shift in monetary policy.

Mortgage Rates Plunge as Fed Signals Potential September Rate Cut

TheStreet

Traders are betting that cooler jobs data and fading inflation pressures will lead to an outsized Federal Reserve interest-rate cut next month.

Fed Chair Powell's Jackson Hole speech might disappoint markets

NewsNinja

A lady is cautioning others about purchasing budget earrings from Amazon, Shein, and H&M, after she experienced keloid formations on her earlobes due to wearing them. On a TikTok post that has garnered more than 334,000 likes, Sailor Rozema (@sailor.rozema), a content creator, shares a warning with her community of "dangly earring girls": the inexpensive jewelry found in fast fashion can have negative impacts on your well-being.

‘I’ll never be wearing earrings for the rest of my life’: Customer warns against buying from Shein

'Mad Money' host Jim Cramer looks at Amazon earnings.

Reports of Amazon's death were premature, says Jim Cramer

CBS News

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  Over the last three years, average mortgage rates have almost doubled. On August 19, 2021, the average 30-year fixed rate was 2.86%. By comparison, today's average 30-year mortgage rate is 6.57%. This uptick in rates has made purchasing a home less affordable for many buyers.  In addition, home prices have hit record highs this year, putting the possibility of homeownership out of range for many.That said, on a positive note, mortgage rates have fallen more than half a percentage...

Will mortgage rates drop below 6% this fall? Experts weigh in

Garry Evans, BCA Research's chief strategist, said that there are things in the economy that are "breaking down quite rapidly now," and contrary to what the market believes, a recession is coming.

A recession is coming: Things are breaking down quite rapidly, investment strategist says

Rates will need to decline another percentage point to entice buyers, Freddie Mac says. Mortgage rates continued their slow descent this week. The 30-year FRM averaged 6.46% Thursday, according to Freddie Mac’s Primary Mortgage Market Survey. That is down from last week when it averaged 6.49% and significantly down from a year ago when it averaged 7.23%.

30-Year Fixed-Rate Mortgage Down Three Basis Points

It's that time again! "Mad Money" host Jim Cramer rings the lightning round bell, which means he's giving his answers to callers' stock questions at rapid speed. Sign up now for the CNBC Investing Club to follow Jim Cramer's every move in the market. Questions for Cramer?. Call Cramer: 1-800-743-CNBC.

Cramer's Lighting Round: L3Harris is 'terrific'

Gold prices inched up on Friday but were set for a weekly decline after slipping from record highs, as the U.S. dollar and Treasury yields rebounded ahead of Federal Reserve Chair Jerome Powell's speech that could give clues on interest rate cuts. "Gold has been treading higher (today), albeit cautiously...

Gold faces weekly fall as Fed's Powell grabs limelight

Bill Baruch shares his top protection play using options and the Invesco QQQ Trust.

Your Best Option: Bill Baruch's top protection play

Kansas State

CNBC’s Steve Liesman and Kansas City Fed President Jeffrey Schmid joins 'Squawk Box' to discuss state of the economy, health of the labor market, the Fed's inflation fight, rate path outlook, and more.

Kansas City Fed President Jeff Schmid: Probably want to act before inflation reaches 2% target

Markets Insider

"A possible hawkish surprise might be highlighting instead that broad financial conditions are still quite easy," Goldman Sachs said.

Here's how Jerome Powell could surprise markets with his Jackson Hole speech

Following the modest pullback seen in the previous session, stocks moved back to the upside during trading on Wednesday. The major averages fluctuated over the course of the trading day but managed to close in positive territory. The Nasdaq and the S&P 500 closed higher for the ninth time in...

U.S. Stocks Move Back To The Upside As Fed Minutes Add To Rate Cut Optimism

Elkhart, KS

The former CEO of a small Kansas bank was sentenced to more than 24 years in prison for looting the bank of $47 million. Shan Hanes, pronounced Shane, sent the funds from Heartland Tri-State Bank to cryptocurrency wallets controlled by scammers who had duped him in a "pig butchering" scheme that appealed to his greed, federal prosecutors said.

Cryptocurrency 'pig butchering' scam wrecks Kansas bank, sends ex-CEO to prison for 24 years

Wilson, WY

Teton Village, WY

Kelly, WY

Moose, WY

Victor, ID

Alpine, WY

Bondurant, WY

Irwin, ID

Driggs, ID

Swan Valley, ID

NewsBreak

Stock futures inch up with all eyes on Powell's key Jackson Hole speech: Live updates

Stock futures rose slightly in overnight trading Thursday as traders await an all-important policy speech from Fed Chair Jerome Powell for any guidance on future rate...

Stock futures inch up with all eyes on Powell's key Jackson Hole speech: Live updates

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