What Time Is It Chairman Powell? | August 26th, 2024

Federal Reserve Chair Jerome Powell signaled the possibility of interest rate cuts during the Jackson Hole Economic Symposium, sparking a market rally, particularly in small-cap stocks and mid-cap indices. Bond yields dropped, leading to a narrowing yield curve, which could indicate a more optimistic economic outlook. The dollar's decline has benefited international markets and U.S. companies with overseas revenues, while lower rates have also driven gold prices to all-time highs. Looking ahead, Nvidia's earnings report and key economic indicators like jobless claims and the Fed's PCE inflation gauge are expected to influence market volatility this week.

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