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Jerome Powell

US Fed chair says ‘the time has come’ to start cutting interest rates

by Walter Watson
US Fed chair says ‘the time has come’ to start cutting interest rates

US stocks rose on Powell’s remarks, with all three major indices on Wall Street up sharply at around 10am local time in Washington (1400 GMT). The annual economic symposium in …

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‘The time has come for policy to adjust’

by Walter Watson
‘The time has come for policy to adjust’

Federal Reserve Chairman Jerome Powell speaks at a news conference following a Federal Open Market Committee meeting at the William McChesney Martin Jr. Federal Reserve Board Building on July 31, …

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European markets higher ahead of Powell speech; Nestle down 1.8%

by Ron Morgan
European markets higher ahead of Powell speech; Nestle down 1.8%

LONDON — European stocks were higher Friday as investors looked ahead to U.S. Federal Reserve Chair Jerome Powell’s speech later in the session from Jackson Hole, Wyoming. The Stoxx 600 index was up …

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Stocks slide ahead of Powell’s speech

by Horatio Thompson
Stocks slide ahead of Powell’s speech

Traders work on the floor of the New York Stock Exchange during morning trading on August 12, 2024 in New York City.  Michael M. Santiago | Getty Images News | …

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NetEase, Baidu, Meituan hurt Hong Kong stocks as focus shifts to Fed chair’s speech

by Anas Siddiqui
NetEase, Baidu, Meituan hurt Hong Kong stocks as focus shifts to Fed chair’s speech

Hong Kong stocks fell on Friday, dragged down by Chinese blue chips’ disappointing earnings, while traders keenly await the Federal Reserve chair’s speech for clues on the coming interest-rate cut. …

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EY Senior Economist: ‘Stage Is Set’ For Rate Cuts

by Anas Siddiqui
EY Senior Economist: ‘Stage Is Set’ For Rate Cuts

A senior economist expects multiple cuts in the federal funds rate (the rate banks pay that ripple out to consumer interest rates on everything from credit cards to mortgages) before …

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Stocks slide ahead of Powell speech

by Horatio Thompson
Stocks slide ahead of Powell speech

Traders work on the floor of the New York Stock Exchange during morning trading on August 12, 2024 in New York City.  Michael M. Santiago | Getty Images News | …

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U.S. Treasurys in focus as investors await Jackson Hole symposium

by Ron Morgan
U.S. Treasurys in focus as investors await Jackson Hole symposium

The U.S. 10-year Treasury rose on Thursday as investors looked ahead to remarks from Federal Reserve Chairman Jerome Powell. The yield on the 10-year Treasury climbed more than 6 basis …

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Nonfarm payroll growth revised down by 818,000, Labor Department says

by Walter Watson
Nonfarm payroll growth revised down by 818,000, Labor Department says

The U.S. economy created 818,000 fewer jobs than originally reported in the 12-month period through March 2024, the Labor Department reported Wednesday. As part of its preliminary annual benchmark revisions …

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CNBC Daily Open: ‘Crazy’ summer

by Horatio Thompson
CNBC Daily Open: ‘Crazy’ summer

Traders work on the floor of the New York Stock Exchange during morning trading on Aug. 20, 2024. Michael M. Santiago | Getty Images This report is from today’s CNBC …

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