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Powell’s Jackson Hole Remarks Ignite Market Rally Amid Rate Cut Speculation
Powell’s Jackson Hole Remarks Ignite Market Rally Amid Rate Cut Speculation
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BTCCSquare news:
Jerome Powell's final Jackson Hole appearance as Fed Chair sent ripples through global markets. Describing the U.S. labor market as a "curious kind of balance," Powell hinted at potential policy adjustments—a signal traders interpreted as a September rate cut. The S&P 500 reversed losses, tech stocks rebounded, and Treasury yields slid toward 4.2%.
Equities surged as Wall Street embraced the clearest dovish tilt in nine months. The Nasdaq and Dow advanced in lockstep, while battered tech names regained favor. Powell’s framing of "shifting balance of risks" marked a pivotal shift from the Fed’s prolonged pause—a narrative now fueling risk appetite across asset classes.
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