Columbus, OH

Jackson, WY

Fed Chair Jerome Powell laid the groundwork Friday for interest rate cuts ahead, though he declined to provide exact indications on timing or extent. "The time has come for policy to adjust," the central bank leader said in his much-awaited keynote address at the Fed's annual retreat in Jackson Hole, Wyoming.

Fed Chair Powell indicates interest rate cuts ahead: 'The time has come for policy to adjust'

JACKSON HOLE, Wyoming (Reuters) - U.S. economic data is giving the Federal Reserve the green light to cut interest rates, financial markets are aligned for the first move, and the central bank all but gave the game away on Wednesday when a readout of its July meeting showed a "vast majority" of policymakers agreed the policy easing likely would begin next month.

With Fed Rate Cut Set, Powell May Focus on Explaining US Economic Conditions at Jackson Hole

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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

Federal Reserve Chair Jerome Powell will speak about the economic outlook on Friday and could shed light on the outlook for the central bank's next moves on interest rates. The Fed is widely expected to cut its benchmark interest rate when it next meets in September, seeking to shift its focus from fighting inflation to preventing unemployment.

What To Expect From Federal Reserve Chair Powell's Speech at Jackson Hole Friday

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

The US Sun

A FAMILY say they contracted parasitic worms after staying at a five-star resort in the Caribbean. Their £3,700 luxurious trip soon turned into a holiday from hell as birds “landed on the buffet” and “insects crawled over the food”. Sarah Sigston, 57, her husband Jeremy, 53, and their 25-year-old daughter Isabelle had looked forward to […]

Family plagued by parasitic worms at five-star Caribbean hotel where ‘birds landed on buffet & insects crawled on food’

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

Reuters

(Reuters) - Federal Reserve Chair Jerome Powell said on Friday "the time has come" for the U.S. central bank to cut interest rates as rising risks to the job market left no room for further weakness and inflation was in reach of the Fed's 2% target, offering an explicit endorsement of an imminent policy easing.

Powell green lights September rate cut

America’s top central banker has unambiguously signaled that lower interest rates are finally on the horizon, marking a crucial milestone for the Federal Reserve’s historic — and, so far, successful — inflation fight.

‘The time has come’: The Fed just sent a crucial message about its next move

The Dow Jones Industrial Average (DJIA) surged almost 300 points on Friday afternoon after Federal Reserve Chair Jerome Powell signaled that interest rate cuts might happen soon. Speaking at the annual Jackson Hole Economic Symposium in Wyoming, Powell hinted at potential rate cuts but didn’t offer specific details on the timing or magnitude.

The Dow jumps 300 points as Jerome Powell says 'the time has come' for new Fed policy

Colorado State

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David Heitz

A bill quietly introduced this spring in the Colorado legislature to decriminalize the possession of drug paraphernalia obtained by harm reductionists has become law. As low-key as the legislation was introduced, the bill was signed into law without fanfare June 6. It garnered little to no media attention.

Colorado legalizes needles, pipes for meth and crack if obtained by harm reduction group

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

The minutes of the Federal Reserve’s late-July policy meeting show that most officials supported possible interest-rate cuts at the next meeting in September. The minutes showed that a “vast majority” of officials said an interest rate cut at the September meeting was likely if data continued to meet expectations.

Federal Reserve Meeting Minutes Show Increasing Support for Interest Rate Cuts

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

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

JACKSON HOLE, Wyoming (Reuters) -Federal Reserve Chair Jerome Powell on Friday offered an explicit endorsement of interest rate cuts, saying further cooling in the job market would be unwelcome and expressing confidence that inflation was within reach of the U.S. central bank's 2% target.

Fed's Powell says 'time has come' to lower interest rates

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

The Guardian

Bank officials signal readiness to start interest rate-cutting cycle to ease pressure on households and businesses

Federal Reserve ‘poised to begin cutting rates as early as September’

A look at the day ahead in U.S. and global markets from Mike Dolan. Jerome Powell takes centre stage at the Federal Reserve's Jackson Hole jamboree on Friday but the Fed chair would have to sound super hawkish to stop the dollar recording one of its worst weeks of the year.

Morning Bid: Dollar stuck in a Hole as Powell speaks

NewsBreak

Fed Chair Powell is 'a bit more definitive' on rate cuts than I'd imagined, says Roger Ferguson

Roger Ferguson, former Fed vice chair and former TIAA CEO, joins...

Fed Chair Powell is 'a bit more definitive' on rate cuts than I'd imagined, says Roger Ferguson

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