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Powell's speech at Jackson Hole sparked a rally in the stock market. The Dow reached a record high.

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 Global Markets Rally as Jerome Powell Hints at September Rate Cut   Jerome Powell Speech on September Rate Cut At the Federal Reserve’s annual Jackson Hole Economic Policy Symposium, Fed Chair Jerome Powell indicated that the central bank might soon shift to a more supportive monetary policy. His comments were seen as a hint at a potential September interest rate cut , resulting in a strong rally across global markets. Stock indices rose, bond yields dropped, and investor confidence improved. This shift has significant effects not only for Wall Street but also for global economies, businesses, and households.   Powell’s Key Message at Jackson Hole   Market reaction on Powell's Speeech Jerome Powell gave a carefully crafted speech , recognizing the risks of ongoing inflation and the signs of a slowing labor market . He pointed out that tariffs and global supply disruptions are still increasing price pressures. However, job growth is slowing, and consum...