Columbus, OH

Jackson, WY

Fed Chair Jerome Powell will deliver his policy speech at 10 a.m. ET from the central bank's annual conclave in Jackson Hole, Wyoming. For all the attention being paid to the presentation, the chances of it containing any startling news seem remote. In previous years, Powell has used Jackson Hole...

Here's everything to expect from Fed Chair Powell's speech Friday in Jackson Hole

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

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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

Markets Insider

Gold jumped past $2,500 an ounce on Friday, reaching a new high. The metal is rallying on bets the Fed will soon cut rates.

Why gold prices just hit a record

NEW YORK (August 15) Gold has seen its best performance in decades in 2024 amid its climb to a new record high of $2,483.35, and while the yellow metal has struggled to rally above $2,480 on three separate occasions, one analyst says it's only a matter of time before it succeeds and breaks above $2,500.

Gold and silver to rally through the end of 2024, copper likely to lag

Colorado State

Contributors represent independent, third-party users who have joined our contributor program and self-verified their accounts. They have also demonstrated their experience writing hard news for other outlets. Contributors are expected, like all users, to adhere to our Community Standards.

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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

The value of gold is breaking records and soaring high with a gold bar now valued at over a million dollars. This investment phenomenon is largely due to predicted rate cuts from the US Federal Reserve and an unstable global market due to trade disputes and geopolitical tensions. Investors have...

Gold value soars amid global uncertainties

Federal Reserve Chair Jerome Powell gave investors the strongest indication yet that the central bank plans to begin trimming rates next month, saying “the time has come for policy to adjust.”. Speaking from the Kansas Fed’s Jackson Hole Economic Symposium in Wyoming on Friday, Powell said: “The timing and...

Fed Chair Jerome Powell says ‘the time has come’ to cut rates

Gold steadied on Friday after a sharp upturn in the previous session, as new US economic data assuaged concerns of a recession and made the safe haven metal less attractive to investors. Spot gold was little moved at $2,428.66 per ounce, having posted its biggest one-day surge in three weeks...

Gold price on pace for worst week since early June

Ohio State

The Lantern

On Tuesday, licensed Ohio dispensaries began legally selling non-medical marijuana to consumers; however, the drug’s possession, growth and/or usage are still prohibited on Ohio State’s campus. Credit: Jefferee Woo/Tampa Bay Times/TNS [Original caption: Four citizen-led petitions with proposals to update Dallas’ charter hit the 20,000 valid signature threshold to make it on the Nov. 5 election ballot, including one that would ban police officers from arresting or citing people carrying less than four ounces of marijuana.] As of Tuesday, students 21 and older can now legally purchase marijuana in Ohio.

Dispensary sales of recreational marijuana began Tuesday; possession and usage still prohibited on Ohio State’s campus

Federal Reserve Chair Jerome Powell has hinted at potential interest rate cuts and the need for policy adjustments, which boosted the stock market on Friday. Speaking at the Fed’s annual Jackson Hole Economic Symposium in Wyoming, Powell suggested that rate cuts could be on the horizon but did not provide specific details on the timing or extent of such cuts.

Inflation falls and the labor market cools: Highlights from Fed chair Jerome Powell's big speech

The Lens

This year’s area of low oxygen in the Gulf of Mexico is larger than average, the National Oceanic and Atmospheric Administration (NOAA) announced on Thursday. The “dead zone” is approximately 6,705 square miles , as measured last week. Within NOAA’s 38 years of measuring the dead zone, this year’s assessment marks the 12th-largest area of low to no oxygen, which can kill fish and marine life.

Gulf ‘dead zone’ larger than average, larger than expected for 2024, scientists announce

Gold prices climbed 1% as the dollar and Treasury yields retreated following Federal Reserve Chair Jerome Powell comments signaling an interest rate cut in September. Spot gold rose 1% to $2,508.88 per ounce, but was off a record high of $2,531.60 hit on Tuesday. U.S. gold futures gained 1.2% to $2,546.20.

Gold gains 1% as Powell comments hint at September cut

The juxtaposition of record-high gold prices amid investor outflows from the metal is "explained only by unprecedented central bank buying," BofA said.

Gold is outperforming tech stocks this year, and investors should keep buying, BofA says

"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

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

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

Jacksonville, FL

Jacksonville Today

A permanent marker will be erected to honor the victims of the racist mass shooting nearly a year ago at a Dollar General store in the New Town community. City Council approved the marker 17-0 on Tuesday night.

Marker will honor victims of racist Dollar General shooting

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

Denver, CO

In addition to collecting more than 8,000 used needles in the past year from Denver drug users, the Harm Reduction Action Center passed out 10,000 meth pipes and “snort kits,” according to a newsletter sent to its supporters Thursday. They also connected about 1,700 people to medical, mental health and substance abuse treatment.

Denver group hands out 10K meth pipes, ‘snort kits,’ connects 1,700 to treatment annually

NewsBreak

Gold (XAU/USD) Retests $2500/oz Ahead of Powell’s Jackson Hole Remarks

Gold prices retest $2500/oz ahead of Fed Chair Powell’s Jackson Hole speech. Gold’s rebound in the European session and technical analysis suggest bullish momentum. September rate...

Gold (XAU/USD) Retests $2500/oz Ahead of Powell’s Jackson Hole Remarks

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