Europe stocks close higher, euro and sterling climb as Powell says 'time has come' for lower rates
LONDON — European stocks closed higher Friday after Federal Reserve Chair Jerome Powell firmly signaled interest rate cuts ahead.
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Fed's Powell says 'time has come' for U.S. to cut interest rates
JACKSON HOLE, Wyoming (Reuters) -- Federal Reserve Chair Jerome Powell on Friday offered an explicit endorsement of an imminent policy easing, saying further cooling in the job market would be unwelcome and expressing confidence that inflation was within reach of the U.S. central bank's 2% target.
A recession is coming in the U.S., and 'a few rate cuts' won't prevent it, says strategist
Contrary to what many believe, investment research firm BCA Research sees that the economy is on the cusp of a recession, and the predicted upcoming U.S. Federal Reserve rate cuts will not be sufficient to steer markets out of it.
Stock futures inch up with all eyes on Powell's key Jackson Hole speech: Live updates
Stock futures rose slightly in overnight trading Thursday as traders await an all-important policy speech from Fed Chair Jerome Powell for any guidance on future rate cuts.
Crypto asset managers look past the next big coin to diversify portfolios
The next innovation in cryptocurrencies won't come from the introduction of a Solana ETF. Asset managers say they're more focused on other ways investors can diversify their portfolios with crypto.