Powell faces a dilemma: weak jobs vs. 3.1% inflation. Rate cut odds shift as traders eye Jackson Hole for clues on Fed's next move.
Associated Press Finance
12m ago
Jobless claims surge, hitting June highs! Continuing claims climb, signaling potential labor market shifts. Traders eye Fed policy.
Tech stocks slide amid rate-cut fears; AI trade shows vulnerability. Nasdaq dips as investors eye retail earnings.
CME & FanDuel team up for event contracts, bridging betting & trading. BTC hits $113k, BNB eyes ATH.
US rating affirmed AA+ on tariffs, but trade policy outcomes loom large for future ratings.
Casual dining chains like Cheesecake Factory surge 30% on value deals, outperforming fast-casual rivals like Chipotle which are down 20%.
Fed independence fears hit markets: S&P 500 down 0.24%, dollar dips, gold up 0.98%. Powell's speech eyed.

8 months ago
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