Powell at Jackson Hole, Fed Minutes, Walmart Earnings
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Trump, Powell and federal reserve
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Powell is slated to give his annual address in Jackson Hole, Wyoming, on Friday. Swaps are pricing in a high probability the Fed will cut borrowing costs by a quarter point next month. In the face of mounting pressure from President Donald Trump for hefty reductions,
A potential candidate to succeed Federal Reserve Chair Jerome Powell, David Zervos, said that it’s inaccurate to describe the US central bank as independent, and characterized the outgoing Fed chief as aligned with the political left.
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A number of stocks fell in the afternoon session after the major indices continued to pull back, with technology stocks accounting for most of the market's largest decliners.
Phil Orlando, Chief Equity Market Strategist at Federated Hermes, joins Worldwide Exchange to discuss Fed policy, market risks, and why small caps could outperform as rates trend lower.
Markets bet on a September Fed rate cut at Jackson Hole, but sticky inflation, Trump tariffs, and Powell’s framework review could derail expectations.
Wakefield Trinity head coach Daryl Powell and his assistant Michael Shenton extend their contracts until the end of the 2029 season.
Palo Alto Networks jumped 6.3% overnight after the cybersecurity company beat Wall Street’s sales and profit forecasts. The California company also announced the retirement of Nir Zuk, its founder, chief technology officer and board member.
Treasury yields moved slightly lower on Tuesday, with the benchmark 10-year rate just below its 100-day moving average amid low volumes and limited conviction behind summertime trading. The 10-year yield was near 4.
The latest project to film in the Ocean State will also star Samuel L. Jackson, Jenna Ortega, and Emma Mackey, according to IMDB. The post J.J. Abrams and Glen Powell are filming in Rhode Island. Here’s where they’ve been spotted.