Markets Rally as Fed Signals Potential Rate Cut
TL;DR Summary
Stocks surged after Fed Chair Jerome Powell signaled a possible interest rate cut, with the Dow rising 846 points, amid cautious economic outlook and market expectations of a rate reduction.
- Dow closes up 840 points after Fed Chair Powell signals possible interest rate cut ABC News
- Jerome Powell Suggests Fed Will Soon Cut Interest Rates in Jackson Hole Speech The New York Times
- Key Takeaways From the Fed’s Annual Jackson Hole Conference Bloomberg.com
- Powell fires up markets, but some investors see reason for caution Reuters
- Mortgage rates fall, real estate stocks jump after Fed speech Real Estate News by RealEstateNews.com
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