Powell puts rate cut on table
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U.S. stocks closed higher, with the Dow scoring a record high, after Fed Chair Powell suggested it was time to consider rate cuts again.
US stock futures decreased amidst concerns over disappointing retail earnings and anticipation for insights from the Federal Reserve. Target shares plummeted while Lowe's rose. Tech stocks also saw declines as investors reassess valuations ahead of crucial Fed meeting minutes.
Traders will also listen closely to Federal Reserve Chair Jerome Powell's press conference at 2:30 p.m., seeking insights on what may be ahead for interest rate policy and whether the central bank ...
Mohamed El-Erian outlines Fed Chair Jerome Powell's unique challenge as he steps into the spotlight Friday in Jackson Hole for what's likely to be his final appearance at the iconic central bank gathering.
In June, a TikTok video of Nykia Hamilton working solo at a Columbia, South Carolina, Burger King gained traction online after she was seen scurrying around the fast food restaurant attempting to do the jobs of several people, including preparing meals, ringing up customers, and cleaning.
The ASX has ended the week in the red after a day of losses. See how the day's events and insights unfolded on the ABC News live markets blog.