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Morgan Stanley joins global peers with September Fed rate cut outlook as Powell shifts tone
Morgan Stanley has joined a growing bloc of global brokerages forecasting a September interest rate cut by the U.S. Federal Reserve, citing Chair Jerome Powell's shift in tone toward labor market risks at the Jackson Hole symposium.
Powell signals Fed may cut rates soon
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.
Stocks surged Friday and the Dow closed at its first record high of the year after Federal Reserve Chair Jerome Powell ...
Powell delivered the guidance in a highly anticipated speech on Friday at the central bank's annual symposium in Jackson Hole ...
Federal Reserve Chair Jerome Powell has been under pressure from President Trump to lower the central bank's benchmark ...
Stocks edged downwards on Monday after earlier rallies in Europe and Asia, investors locking in gains fuelled by the clear ...
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