▸ Global stocks boosted by Fed chair Powell’s remarks at central bank summit▸ US government bonds rally as investors price in faster rate cuts▸ European indices also buoyed late in trading day by Jackson Hole speechGlobal stocks rose yesterday after US Federal Reserve chair Jay Powell indicated that the case for an interest rate cut by the world's most important central bank had strengthened.At his speech in Jackson Hole, Wyoming, at the annual meeting of central bank policymakers, Powell said that “shifting” economic risks have sharpened the case for a rate cut and warned about a cooling labour market.Investors cheered the speech, sending stocks and bonds higher. By midday in New York, the blue-chip S&P 500 was 1.5 per cent higher and the tech-heavy Nasdaq Composite had risen 1.7 per cent.Cyclical stocks, which tend to climb alongside hopes for a stronger economy, led the stock market gains. A basket of consumer discretionary stocks rose 2.7 per cent.
No persons identified in this episode.
This episode hasn't been transcribed yet
Help us prioritize this episode for transcription by upvoting it.
Popular episodes get transcribed faster
Other recent transcribed episodes
Transcribed and ready to explore now
Trump $82 Million Bond Spree, Brazil Tariffs 'Too High,' More
16 Nov 2025
Bloomberg News Now
Ex-Fed Gov Resigned After Rules Violations, Trump Buys $82 Mil of Bonds, More
16 Nov 2025
Bloomberg News Now
THIS TRUMP INTERVIEW WAS INSANE!
16 Nov 2025
HasanAbi
Epstein Emails and Trump's Alleged Involvement
15 Nov 2025
Conspiracy Theories Exploring The Unseen
New Epstein Emails Directly Implicate Trump - H3 Show #211
15 Nov 2025
H3 Podcast
Trump Humiliates Himself on FOX as They Call Him Out
15 Nov 2025
IHIP News