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FOMC minutes, jobless data revisions push Fed rate cut hopes
Manage episode 435499845 series 2876583
Dovish FOMC minutes and a shock revision to the jobless numbers reinforce expectations that the Federal Reserve will slash rates next month. The S&P 500 bounces back to record its highest level in 5 weeks ahead of Fed Chair Jerome Powell’s highly anticipated speech at the Jackson Hole Symposium tomorrow. Retail giant Target’s shares are 11 per cent higher after the company beat expectations as U.S. consumers continue to experience price pressures. Minnesota governor Tim Walz officially accepts the Democrat nomination for vice-president on the third day of the DNC in Chicago.
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
1403 episoder
Manage episode 435499845 series 2876583
Dovish FOMC minutes and a shock revision to the jobless numbers reinforce expectations that the Federal Reserve will slash rates next month. The S&P 500 bounces back to record its highest level in 5 weeks ahead of Fed Chair Jerome Powell’s highly anticipated speech at the Jackson Hole Symposium tomorrow. Retail giant Target’s shares are 11 per cent higher after the company beat expectations as U.S. consumers continue to experience price pressures. Minnesota governor Tim Walz officially accepts the Democrat nomination for vice-president on the third day of the DNC in Chicago.
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
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