Media Stocks, Markets Soar As Fed Chief Signals September Rate Cut: “The Balance Of Risks Appears To Be Shifting”
It’s been a long wait but Federal Reserve chair Jerome Powell energized stocks today as he cracked open the door to a possible interest rate cut at the Central Bank’s September meeting. In his keynote address at the Fed’s annual economic symposium in Jackson Hole, Powell said that “the baseline outlook and the shifting balance of […]