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Dow Soars over 800 Points to Record While Nasdaq Gains 2% as Powell Speech Boosts September Rate-Cut Bets

Bloomberg08-22

US stocks rallied on Friday, snapping a five-day slide, as a speech by Federal Reserve Chair Jerome Powell led traders to step up bets on an interest-rate cut as soon as next month.The Dow Jones ...

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Comment4

  • neo26000
    ·08-23
    This is a classic “wait and see” moment. Powell is signaling flexibility, but also caution. The Fed is threading the needle between supporting jobs and avoiding a resurgence in inflation. Markets may react with short-term volatility, but the long-term impact depends on how data evolves in the coming weeks. I do not think that  that market needs to get excited so much.
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  • hlw8888
    ·08-22
    will the markets perform a UNO Reverse card later? 🤔 
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  • CSK88
    ·08-22
    Cool
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  • Dee45
    ·08-22
    What time is Powell's Jackson speech ? 
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