Powell laid the groundwork for interest rate cuts ahead, though he declined to provide exact indications on timing or extent.
Watch live: Fed Chair Jerome Powell speaks from Jackson Hole conference
Jerome Powell delivers his keynote speech at 10 a.m. on Friday for the central bank’s annual retreat in Jackson Hole, Wyoming.
Stocks making the biggest moves premarket: Peloton, Workday, Chewy and more
These are the stocks posting the largest moves in premarket trading.
Classic car sales stall in Monterey auctions as new generation takes charge
The average sale price was $476,965, down slightly from last year’s average of $477,866.
Inside Monterey Car Week 2024
Executives from the world’s top auction houses and CEOs of Lamborghini and Rimac Group sound off on Monterey Car Week.
Why remote work has staying power: It’s ‘still kicking,’ economist says
The pandemic-era trend of working remotely has endured largely because it benefits both workers and businesses, economists said.
No longer a financial reservoir? Saudi Arabia’s spending confirms clear shift in strategy
The kingdom’s $925 billion sovereign wealth fund, the Public Investment Fund, saw its assets jump 29% in 2023 — and domestic investment was a major driver.
A recession is coming in the U.S., and ‘a few rate cuts’ won’t prevent it, says strategist
Contrary to what many believe, investment research firm BCA Research sees that the economy is on the cusp of a recession.
Stocks making the biggest moves after hours: Cava, Uber, Ross Stores, Workday and more
See which stocks are posting big moves after the bell.
Here’s everything to expect from Fed Chair Powell’s speech Friday in Jackson Hole
For all the attention being paid to the speech, the chances of it containing any new news seem remote.