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Wall Street buoyed as Powell tells Jackson Hole “the time has come” for rate cuts

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Manage episode 436285327 series 2876583
Innhold levert av CNBC International. Alt podcastinnhold, inkludert episoder, grafikk og podcastbeskrivelser, lastes opp og leveres direkte av CNBC International eller deres podcastplattformpartner. Hvis du tror at noen bruker det opphavsrettsbeskyttede verket ditt uten din tillatelse, kan du følge prosessen skissert her https://no.player.fm/legal.

Rate easing optimism pushes Wall Street to its second week in the green as Fed Chair Jerome Powell sets the scene for a September cut, with traders still pondering the possibility of a potential 50 basis point move. However Bank of England Governor Andrew Bailey and ECB Chief Economist Philip Lane are more cautious on the outlook. U.S. Vice President Kamala Harris’ presidential campaign says it has raised $540 million in little more than a month, as Republican vice-presidential candidate JD Vance endorses trade tariffs. In the Middle East, Israel declares a 48-hour state of emergency as fears grow of escalation between it and Hezbollah - in the biggest round of strikes between the two since 2006.

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1443 episoder

Artwork
iconDel
 
Manage episode 436285327 series 2876583
Innhold levert av CNBC International. Alt podcastinnhold, inkludert episoder, grafikk og podcastbeskrivelser, lastes opp og leveres direkte av CNBC International eller deres podcastplattformpartner. Hvis du tror at noen bruker det opphavsrettsbeskyttede verket ditt uten din tillatelse, kan du følge prosessen skissert her https://no.player.fm/legal.

Rate easing optimism pushes Wall Street to its second week in the green as Fed Chair Jerome Powell sets the scene for a September cut, with traders still pondering the possibility of a potential 50 basis point move. However Bank of England Governor Andrew Bailey and ECB Chief Economist Philip Lane are more cautious on the outlook. U.S. Vice President Kamala Harris’ presidential campaign says it has raised $540 million in little more than a month, as Republican vice-presidential candidate JD Vance endorses trade tariffs. In the Middle East, Israel declares a 48-hour state of emergency as fears grow of escalation between it and Hezbollah - in the biggest round of strikes between the two since 2006.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

  continue reading

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