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Stocks Halt Slide as Powell Takes Center Stage: Markets Wrap
Investors lowered September rate cut odds to 75% amid resilient economic data and persistent inflation, as Fed Chair Powell prepares to clarify policy direction at Jackson Hole.
- Traders pushed down September 25bp cut odds to 75% on the CME FedWatch tool on Thursday | August 21, 2025, lifting the US Dollar ahead of Federal Reserve Chair Jerome Powell’s Jackson Hole speech.
- After preliminary PMI data revealed stronger activity, S&P Global's composite PMI rose to its highest in eight months due to a manufacturing rebound and services growth, signaling renewed inflationary pressures.
- Chicago Fed President Austan Goolsbee cautioned that rising services inflation makes cuts risky, Cleveland Fed President Beth Hammack sees no case for easing, while money markets price about a 65% chance of a September cut.
- If Jerome Powell rebuffs cut expectations, financial markets could reverse sharply due to the dollar rally and cautious positioning, risking a drop if the Fed does not cut in September.
- Powell may emphasize data‑dependence by tying any September decision to upcoming employment and inflation reports amid pressure from the Trump administration and divisions among FOMC policymakers.
20 Articles
20 Articles
Jackson Hole's meeting dope the markets. ...
The President of the Federal Reserve has not made a clear commitment, but he has given sufficient openness to investors to strengthen the position that comes there at the jury rates in September.
Stocks Halt Run of Losses Ahead of Powell Address: Markets Wrap
(Bloomberg) -- US stock futures paused this week’s string of declines amid subdued trading ahead of Federal Reserve Chair Jerome Powell’s Jackson Hole speech, with markets scaling back bets on imminent rate cuts.
Futures Rebound Ahead Of Powell's Speech
Futures Rebound Ahead Of Powell's Speech After five days of selling - the longest stretch since Jan 2 - US stock futures halted this week’s run of losses in muted trading ahead of Jerome Powell’s Jackson Hole speech, even as markets scaled back bets on imminent interest rate cuts following very strong economic data on Thursday. As of 8:00am ET, S&P 500 rose 0.2% erasing an earlier decline, while Nasdaq futures rose 0.1% as Nvidia shares fall 1% …
Stock market close in the US: Powell sent stocks soaringThe head of the US central bank, Jerome Powell, sent US stocks soaring on Friday and on a record hunt. A speech from the front figure for the Fed
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