POWELL
Black unemployment jumps to 7.5% as August jobs report shows economic cooling
Black unemployment rose 0.3% to 7.5% in August while overall US unemployment reached 4.3%. The jobs report showed only 22,000 new positions added, with Black Americans experiencing disproportionate job losses amid economic slowdown and federal employment cuts totaling 97,000 since January
Trump's short list for Fed: Hassett, Warsh and Waller
President Trump is considering Kevin Hassett, Kevin Warsh, and Christopher Waller to succeed Jerome Powell as Federal Reserve chair, seeking leadership aligned with his interest-rate cut demands. Trump has criticized Powell's cautious approach, citing concerns about the economy.
US Treasury Secretary Bessent calls for big changes at Fed
U.S. Treasury Secretary Scott Bessent has urged a thorough review of the Federal Reserve, questioning its interest rate authority. He criticized the Fed's policies for allegedly fueling inflation and benefiting the wealthy, advocating for a shift in focus towards its core mandate.
Trump's short list for Fed Chair: Kevin Hassett, Kevin Warsh and Christopher Waller
President Trump is considering Kevin Hassett, Kevin Warsh, and Christopher Waller to succeed Jerome Powell as Fed chair, seeking someone aligned with his desire for interest-rate cuts. This decision comes amid concerns about a softening labor market and Trump's criticism of Powell's cautious approach. The choice will significantly impact financial markets and the Fed's independence.
Will Fed chair Jerome Powell cut rates following the weak jobs report?
August jobs report marks the fourth consecutive month of cooling labor growth, strengthening the case for a rate cut at the Fed’s September 16–17 meeting. Chair Jerome Powell has already signaled that policymakers are monitoring the slowdown closely.
S&P 500 registers record-high close as data keeps rate cut views intact
The S&P 500 achieved a record closing high, fueled by positive labor market data and strong performances from Broadcom, Amazon, and Meta Platforms. Investors anticipate a Federal Reserve interest rate cut despite increased unemployment claims and slowed private sector hiring. The Dow, S&P 500, and Nasdaq all experienced gains, while Salesforce shares declined due to a weaker revenue forecast.
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US job openings decline in July; hiring lackluster
U.S. job openings experienced an unexpected decline in July, signaling a potential easing of labor market conditions. The number of unfilled positions dropped to 7.181 million, while hiring saw a slight increase to 5.308 million. Economists attribute the slowdown to factors like tariffs and immigration policies, anticipating a modest rise in nonfarm payrolls for August.
ETMarkets Smart Talk: FIIs rotating to midcaps shows smart money chasing growth, says Aamar Deo Singh of Angel One
Aamar Deo Singh from Angel One highlights the market rally fueled by GST reforms and potential US Fed rate cuts. FIIs are shifting from largecaps to mid and smallcaps, targeting growth sectors like consumer discretionary and financials. Emerging themes such as AI, data centers, and semiconductors present long-term wealth creation opportunities in India.
Gold extends record run as US rate-cut bets lift appeal
Gold prices continued their record-breaking surge, surpassing $3,500 per ounce, fueled by strong investor expectations of a U.S. Federal Reserve interest rate cut in September. The anticipation of lower interest rates and increased holdings in gold-backed ETFs are contributing to the precious metal's bullish momentum. Investors are closely monitoring upcoming U.S.
Gold touches record high above $3,500 amid anticipation of US interest rate cut
Gold prices briefly surged to a record high, exceeding $3,508 an ounce, driven by anticipation of US interest-rate cuts and anxieties surrounding the Federal Reserve's future. This rally, fueled by expectations of a subdued labor market and subsequent rate reductions, has significantly boosted gold's appeal as a haven asset.
Gold hits record high as US rate-cut hopes, softer dollar boost appeal
Gold prices surged to a record high, fueled by a weaker dollar and growing anticipation of a U.S. interest rate cut this month. Market sentiment is influenced by President Trump's criticism of the Federal Reserve's independence. Investors are closely monitoring upcoming U.S. non-farm payrolls data to gauge the extent of the expected Fed rate cut.
Gold hovers near record high on US rate-cut hopes, soft dollar
Gold prices surged to a four-month peak, nearing April's record high, fueled by a weaker dollar and growing anticipation of a U.S. interest rate cut this month. The expectation of a rate cut is driven by traders pricing in a high probability of a 25-basis-points reduction by the Federal Reserve. Investors are now awaiting U.S.
How the Fed losing its independence could affect Americans' everyday lives
President Trump's attempt to remove a Federal Reserve governor over alleged mortgage fraud has sparked concerns about the central bank's independence. Economists fear that political influence on the Fed could lead to lower interest rates, higher inflation, and increased borrowing costs. This action, along with potential changes to the Fed's structure, raises questions about its future stability and accountability.
Dollar confidence shaken: Jobs, politics and deficits test its core
The Federal Reserve’s cautious stance on tariffs has shifted to hints of rate cuts as growth slows, jobs weaken, and debt spirals. Political interference and fiscal strain risk undermining dollar strength, raising fears of prolonged currency weakness.
Fed governor calls for rate cut at September policy meeting
Christopher Waller, a US Federal Reserve governor, suggests lowering the key interest rate. He expressed this view ahead of the next monetary policy meeting. Waller hopes this measure will protect the labor market. He aims to bring inflation back to the two percent target. President Donald Trump has also pushed for a rate cut.
Fed governor calls for rate cut at September policy meeting
Federal Reserve Governor Christopher Waller urged the central bank to lower its key interest rate at the upcoming meeting, echoing President Trump's calls for monetary easing. Waller, a potential successor to Chairman Powell, advocated for a 25-basis-point cut to prevent labor market deterioration and achieve the two percent inflation target.
Dollar and 10-year Treasury yields recover — is a greenback rally underway after Powell’s dovish signals?
Dollar edges higher after Powell’s dovish surprise as traders weighed the Federal Reserve’s next move following last week’s steep slump. The U.S. dollar is showing signs of life after last week’s dive, as investors weigh Fed cuts and the latest Treasury yield outlook. Markets are repositioning, the euro slips, and traders are watching closely—asking whether the greenback’s slump is finally nearing its end.
US stock futures slip after Powell boost — Dow, S&P 500, Nasdaq futures fall as traders brace for inflation and jobs test
US Stock market future today opened with caution after last week’s record-breaking surge fueled by Jerome Powell’s dovish remarks. Futures for the Dow, S&P 500, and Nasdaq slipped slightly as investors turned their attention to Nvidia earnings, widely seen as the defining moment for the AI-driven rally.
India bonds rise as Powell's dovish remarks partly offset fiscal concerns
Indian government bonds experienced a rise on Monday, recovering from last week's decline, spurred by U.S. Federal Reserve Chair's indication of a potential interest rate cut next month. The benchmark 10-year bond yield is currently at 6.5422%. Market concerns persist regarding proposed Goods and Services Tax (GST) cuts, potentially leading to fiscal slippage and increased government borrowing.
Dollar struggles to recover from dovish Powell gut punch
The US dollar is trying to recover after a fall. This happened after Federal Reserve Chair Jerome Powell hinted at possible interest rate cuts. Traders are expecting a rate cut in September. Donald Trump's criticism of the Fed is adding pressure. Upcoming data releases will be important. These include inflation figures and payroll data.
US Fed chair Jerome Powell’s nuance was lost on the markets, says Jonathan Levin
Jerome Powell's recent speech at Jackson Hole hinted at potential adjustments to monetary policy, sparking market optimism for interest rate cuts. However, the speech balanced concerns about both labor market wobbles and persistent inflation. The Fed faces a tricky task navigating its dual mandate amid economic uncertainties and external pressures, suggesting a cautious approach to future policy easing.
Jerome Powell finally signals Fed rate cut — Trump pressure works or looming economic risk? Find out what’s behind the move
Jerome Powell finally hinted at a Fed rate cut, sending Wall Street soaring. Investors are focused on whether the move is driven by real economic risks—especially a slowing labor market—or political pressure from the Trump administration. Powell’s comments at Jackson Hole give markets their first clear signal of a possible rate cut, but key jobs and inflation reports in the coming weeks will determine if the Fed acts in September.
Jerome Powell says rates may need to be cut, but US Fed to proceed carefully
Federal Reserve Chair Jerome Powell on Friday pointed to a possible interest rate cut at the U.S. central bank's meeting next month, but stopped short of committing to it, in remarks acknowledging both the growing risks to the job market and ongoing threat of higher inflation.
Higher tariffs have begun to push up prices, Powell sounds alarm as he cites inflation data
Jerome Powell on Friday hinted that Fed may cut rates soon but gave no hint on the timing of a move. He suggested the central bank will proceed cautiously as it continues to evaluate the impact of tariffs and other policies on the economy. Powell said that there are risks of both rising unemployment and stubbornly higher inflation.
Fed Chair Jerome Powell warns of rising risk to US labor market
Federal Reserve Chair Jerome Powell has cautioned that the US jobs market faces growing pressure while tariffs are feeding inflation, though their impact may prove temporary. In a closely watched speech at Jackson Hole, Powell left the door open to an interest rate cut in September but stressed the Fed must balance the risk of higher prices with signs of weakening employment. His remarks, delivered amid political pressure from President Trump, highlight a pivotal moment for US monetary policy.
Jerome Powell Jackson Hole speech today: Here’s when and how to watch as rate cut signals loom
Jerome Powell Jackson Hole speech today comes at a critical moment for the economy and markets. The Fed chair is set to speak at 10:00 a.m. ET, and Wall Street is holding its breath to see if he signals a September rate cut, hints at a policy U-turn, or sticks with caution. With slowing job growth, sticky inflation, and political pressure from the Trump administration, Powell’s words could set the tone for markets worldwide.
Jerome Powell says long-awaited rate cuts could be coming soon as Trump admin ramps up pressure
Federal Reserve Chair Jerome Powell hinted at potential interest rate cuts due to rising downside risks to employment. Despite stable unemployment, the Fed will carefully evaluate jobs and inflation data. The possibility of Trump’s tariffs having only a short-lived effect on inflation is “reasonable.” The Fed's next meeting in September will be crucial in determining policy adjustments.
Powell signals Fed may cut rates soon even as inflation risks remain
Federal Reserve Chair Jerome Powell on Friday opened the door ever so slightly to lowering a key interest rate in the coming months but gave no hint on the timing of a move and suggested the central bank will proceed cautiously as it continues to evaluate the impact of tariffs and other policies on the economy.
Will today be Jerome Powell's last Jackson Hole speech? His remarks will be key for the US economy
Powell speech today: Jerome Powell is preparing to speak at Jackson Hole. Investors are watching for hints about interest rate cuts. Fed officials are divided on the timing. Donald Trump has criticized the Fed. Powell will likely defend the Fed's independence. Changes to the inflation targeting strategy are expected. The Fed may shift back to a straight 2% inflation target.
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