Powell signals the Federal Reserve is open to cutting rates but gives no indication of the timing in Jackson Hole speech
Federal Reserve Chair Jerome Powell indicated the possibility of interest rate cuts in his speech at Jackson Hole, though he did not specify a timeline for such actions. Additionally, there is a focus on investment opportunities, with analysts recommending five lesser-known stocks for potential buyers, suggesting they may outperform the broader market.
JACKSON HOLE, Wyo. (AP) — Powell signals the Federal Reserve is open to cutting rates but gives no indication of the timing in Jackson Hole speech.
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