Wall Street, Jackson Hole and Powell
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Wall Street's main indexes climbed more than 1 per cent on Friday (Aug 22) after US Federal Reserve Chair Jerome Powell pointed to a possible interest-rate cut at the central bank's next policy meeting during his Jackson Hole Symposium speech.
The FTSE 100 and European stocks were higher on Friday as markets turn their attention to the much-anticipated speech by US Federal Reserve chair Jerome Powell. He is set to speak
Wall Street is holding relatively steady ahead of a highly anticipated speech about where U.S. interest rates may be heading.