"Jerome Powell just told investors exactly what they wanted to hear at Jackson Hole"

https://www.newsbreak.com/markets-insider-562170/4190673899053-jerome-powell-just-told-investors-exactly-what-they-wanted-to-hear-at-jackson-hole

"Fed Chair Jerome Powell gave markets exactly what they were waiting for.

In his long-awaited Jackson Hole speech, the Fed chief indicated that the Fed was leaning toward a 25-basis-point rate cut at its September policy meeting.

This sent equities soaring, with gains hovering around 2% for each of the three main US indexes."