The Federal Reserve trimmed interest rates for the first time in a decade last month, and traders are hungry for more cuts.
Jerome Powell is set to give a speech at the annual gathering of central bankers in Jackson Hole, Wyoming this week. Traders will be listening closely for any hints that the the Federal Reserve Chair is considering another rate cut this year. The Fed recently cut interest rates for the first time in a decade in a bid to counter slowing global growth and reassure investors shaken by the US-China trade war and other issues.
Jerome Powell is set to give a speech at the annual gathering of central bankers in Jackson Hole, Wyoming this week. Traders will be listening closely for any hints that the the Federal Reserve Chair is considering another rate cut this year. The Fed recently cut interest rates for the first time in a decade in a bid to counter slowing global growth and reassure investors shaken by the US-China trade war and other issues.
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