County Powell Financial News

Federal Reserve Chair Jerome Powell has signaled that more rate cuts are in the pipeline, though their size and speed will depend on the evolution of the economy

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When Jerome Powell delivered a high-profile speech last month, the Federal Reserve chair came the closest he ever had to declaring that the inflation surge that gripped the nation for three painful years was now essentially defeated

Bitcoin (BTC) and Ethereum (ETH) traded slightly lower at $63,570 and $2,730, respectively, on Monday. This follows a weekend where both tokens neared $65,000 and $2,900 after U.S. Federal Reserve Chair Jerome Powell hinted at imminent interest rate cuts. Speaking at the Jackson Hole Economic Symposium, Powell stated, «The time has come» to lower the Fed funds target rate, adding that «the upside risks of inflation have diminished.» He also emphasized that the Fed does not expect further weakening in labor market conditions, suggesting a potential rate cut at next month’s policy meeting — the first in over four years.

Federal Reserve Chair Jerome Powell all but proclaimed mission accomplished in the fight against inflation and signaled that interest rate cuts are coming in a much-anticipated speech in Jackson Hole, Wyoming

Federal Reserve officials have said they’re increasingly confident that they’ve nearly tamed inflation

Federal Reserve officials have said they're increasingly confident that they've nearly tamed inflation. Now, it's the health of the job market that's starting to draw their concern. With inflation cooling toward its 2% target, the pace of hiring slowing and the unemployment rate edging up, the Fed is poised to cut its benchmark interest rate next month from its 23-year high. How fast it may cut rates after that, though, will be determined mainly by whether employers keep hiring. A lower Fed benchmark rate would eventually lead to lower rates for auto loans, mortgages and other forms of consumer borrowing. Chair Jerome Powell will likely provide some hints about how the Fed sees the economy and what its next steps may be in a high-profile speech Friday in Jackson Hole, Wyoming, at the Fed's annual conference of central bankers. It's a platform that Powell and his predecessors have often used to signal changes in their thinking or approach.

Twisters, Glen Powell has provided a tantalizing update on the much-anticipated Top Gun 3. Powell, known for his role as Lt. Jake «Hangman» Seresin in Top Gun: Maverick, shared insights during a promotional appearance on the Happy Sad Confused podcast.

Powell participates in a discussion at the Economic Club of Washington, D.C.

 KPMG chief economist Diane Swonk reacts to the Federal Reserve's decision to leave interest rates unchanged on 'The Claman Countdown.'

Stocks closed mixed on Wall Street after testimony from Federal Reserve Chair Jerome Powell in front of Congress provided little new guidance on the Fed’s plans on when it might lower interest rates

gold corrected lower on Friday following three straight days of gains which had pushed it to the highest level since May 22. The metal closed with a slight loss of 0.11% at $2411 on Friday as it rose for the third straight week. It was up 0.83% on the weekly closing basis. The US bond yields/Dollar Index

It didn’t move markets, but during two days of congressional testimony this week, Fed Chair Jerome Powell made the beginning of a pivot on interest rates that might prove more durable than one that sparked a big market rally at the end of last year. Around December, Powell and several colleagues signaled they could begin the process of dialing interest rates down as soon as the middle of the year if inflation, which cooled notably in the second half of last year, continued on that path. When Powell testified on Capitol Hill in March, he allowed that the Fed was “not far" from achieving the confidence it needed to cut rates.

The leading cryptocurrency Bitcoin dipped as low as $64,600 during early Asian hours on Tuesday, which saw the liquidation of leveraged positions at $480 million.

Venue : Daren Sammy National Cricket Stadium, Gros Islet, St Lucia West Indies squad - Brandon King, Johnson Charles, Sherfane Rutherford, Shimron Hetmyer, Andre Russell, Romario Shepherd, Roston Chase, Rovman Powell, Nicholas Pooran, Shai Hope, Akeal Hosein, Alzarri Joseph, Gudakesh Motie, Obed McCoy, Shamar Joseph Afghanistan squad - Hazratullah Zazai, Ibrahim Zadran, Najibullah Zadran, Azmatullah Omarzai, Gulbadin Naib, Karim Janat, Mohammad Nabi, Mohammad Ishaq, Rahmanullah Gurbaz, Fareed Ahmad, Fazalhaq Farooqi, Nangeyalia Kharote, Naveen-ul-Haq, Noor Ahmad, Rashid Khan West Indies vs Afghanistan Match Details Match 40 of ICC Men's T20 World Cup, 2024 between West Indies and Afghanistan to be held at Daren Sammy National Cricket Stadium, Gros Islet, St Lucia at 06:00 AM.

Venue : Brian Lara Cricket Academy, Tarouba West Indies squad - Brandon King, Johnson Charles, Sherfane Rutherford, Shimron Hetmyer, Andre Russell, Romario Shepherd, Roston Chase, Rovman Powell, Nicholas Pooran, Shai Hope, Akeal Hosein, Alzarri Joseph, Gudakesh Motie, Obed McCoy, Shamar Joseph New Zealand squad - Kane Williamson, Mark Chapman, Daryl Mitchell, Glenn Phillips, James Neesham, Michael Bracewell, Mitchell Santner, Rachin Ravindra, Devon Conway, Finn Allen, Ish Sodhi, Lockie Ferguson, Matt Henry, Tim Southee, Trent Boult West Indies vs New Zealand Match Details Match 26 of ICC Men's T20 World Cup, 2024 between West Indies and New Zealand to be held at Brian Lara Cricket Academy, Tarouba at 06:00 AM.

Federal Reserve's policy decision and updated economic projections later in the day. The dollar had risen for three straight trading days after Friday's stronger than expected U.S. jobs report raised the prospect of inflation remaining sticky while growth stays strong, making the U.S. central bank less likely to cut interest rates in the coming months.

Venue : Guyana National Stadium, Guyana West Indies squad - Brandon King, Johnson Charles, Sherfane Rutherford, Shimron Hetmyer, Andre Russell, Romario Shepherd, Roston Chase, Rovman Powell, Nicholas Pooran, Shai Hope, Akeal Hosein, Alzarri Joseph, Gudakesh Motie, Obed McCoy, Shamar Joseph Uganda squad - Brian Masaba, Robinson Obuya, Roger Mukasa, Ronak Patel, Alpesh Ramjani, Dinesh Nakrani, Kenneth Waiswa, Riazat Ali Shah, Fred Achelam, Simon Ssesazi, Bilal Hassan, Cosmas Kyewuta, Frank Nsubuga, Henry Ssenyondo, Juma Miyagi West Indies vs Uganda Match Details Match 18 of ICC Men's T20 World Cup, 2024 between West Indies and Uganda to be held at Guyana National Stadium, Guyana at 06:00 AM.

Netflix series and films available this week. While rom-com fans can see Dakota Johnson in "AM I OK?" on Max, action fans can watch Glen Powell in "Hit Man" on Netflix.

Netflix has got exciting news for its users by announcing the release of ‘Hit Man’. the latest film collaboration between Glen Powell and director Richard Linklater. As per a report by Decider, the film explores the amazing true tale of Gary Johnson and is based on a compelling 2001 Texas Monthly piece by Skip Hollandsworth.