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Dow closes at record high after Powell opens door to rate cut in Jackson Hole speech
The U.S. stock market closed sharply higher Friday, as investors cheered the potential for interest rate cuts following Federal Reserve Chair Jerome Powell’s speech at the Jackson Hole Economic Policy Symposium.
Dow hits record high after Fed chair hints at September rate cuts
The Dow Jones Industrial Average clinched a record high Friday for the first time this year hours after Federal Reserve Chair Jerome Powell hinted that the Fed may soon lower interest rates. The Dow climbed 846 points, or 1.89%, from Thursday’s close to an all-time high of 45,631.74.
Wall Street cheered remarks from Federal Reserve Chair Jerome Powell in Jackson Hole opening the door to a rate cut in ...
Jerome Powell just concluded his much-anticipated speech at the Jackson Hole economic conference, and the reactions are ...
U.S. stocks rallied sharply on Friday after Federal Reserve Chair Jerome Powell signaled that interest rate cuts could be ...
The Dow Jones Industrial Average was on track for its first record close since December on Friday after Federal Reserve Chair ...
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