Business Rundown: Powell Signals September Rate Cut

Fed Chair Jerome Powell spoke at the central bank’s Jackson Hole Symposium on Friday, saying, “The balance of risks appears to be shifting.” U.S. stocks rallied as investors took Powell’s words as a hint toward a shift in policy in September.

FOX Business co-anchor of The Big Money Show Jackie DeAngelis spoke with Ken Mahoney (CEO of Mahoney Asset Management) about the reignited rate cut optimism on the heels of Fed Chair Powell’s Jackson Hole speech.

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