The Latest Breaking News from Jerome Powell

The S&P 500 rose amid a big downward jobs revision. Federal Reserve Chair Jerome Powell will make the case for jobs cuts in Friday's Jackson Hole speech.

Federal Reserve's monetary policy decisions, Quiet QE strategy, and high-yield corporate bonds present income opportunities for investors.

With few sparks to drive buying, markets took their cue from Wall Street, where the main indexes slipped after an eight-day advance, with focus on a speech Friday by central bank boss Jerome Powell at the Jackson Hole symposium in Wyoming.

Yardeni is unconvinced the data is cool enough to push Chair Powell and his colleagues to multiple cuts: "It'll be dovish but not as dovish as the market is discounting."

Asian shares decline, Japan reports trade deficit, focus on Powell's speech, and U.S. economy faces pressure from high interest rates.

Futures rose as Target surged on earnings, with a big jobs revision and Fed minutes due. Palo Alto and Netflix flashed buy signals Tuesday.

The recent stock market rally ran out of steam Tuesday as sentiment turns cautious ahead of Jackson Hole.

Trump stated that while he believes the president should be able to voice opinions on interest rates, he does not expect to dictate monetary policy. "It doesn't mean they have to listen, but I think it's fine for a president to talk," Trump said.

Federal Reserve prepares for interest rate cuts amid slowing job market and nearing inflation target.

September S&P 500 E-Mini futures (ESU24) are up +0.01%, and September Nasdaq 100 E-Mini futures (NQU24) are up +0.09% this morning as market participants geared up for the release of the minutes of the Federal Reserve’s latest meeting and comments from Fed Chair Jerome Powell later in the week.

September S&P 500 E-Mini futures (ESU24) are up +0.10%, and September Nasdaq 100 E-Mini futures (NQU24) are up +0.17% this morning after a strong session on Wall Street amid expectations that the Federal Reserve will soon signal readiness to begin cutting interest rates.