#Jerome Powell

Brent oil price forecast Bloomberg GettyImages-1384536093

Oil climbs over 2% after US Fed’s Powell indicates rate cuts

Despite Friday gains, oil was down for the week

Jerome Powell, chairman of the US Fed arrives to a dinner at the Jackson Lake Lodge during the Kansas City Federal Reserve's Jackson Hole Economic Policy Symposium in Moran, Wyoming, US, on Thursday, Aug. 22, 2024. With the central bank on the cusp of lowering interest rates from a more than two-decade high, the Federal Reserve chair's comments on Friday will be closely parsed for any hints on how the Fed chief is viewing the economy in the wake of a weaker-than-expected jobs report and further easing in inflation. Photographer: Natalie Behring/Bloomberg Jerome Powell, chairman of the US Federal Reserve, arrives to a dinner at the Jackson Lake Lodge during the Kansas City Federal Reserve's Jackson Hole Economic Policy Symposium in Moran, Wyoming, US, on Thursday, Aug. 22, 2024. With the central bank on the cusp of lowering interest rates from a more than two-decade high, the Federal Reserve chair's comments on Friday will be closely parsed for any hints on how the Fed chief is viewing the economy in the wake of a weaker-than-expected jobs report and further easing in inflation. Photographer: Natalie Behring/Bloomberg

US Fed’s Jerome Powell says ‘time has come’ to cut rates

Fed chief says timing, pace of rate cuts depends on data

US Fed Jackson Hole Economic Symposium

What to look for at US Fed’s Jackson Hole global symposium

The guest list of about 120 includes most of the US Fed’s 19 policymakers, a few dozen central bankers from Europe, Asia, Africa, the Americas, and a group of select journalists

Gold Price, Commodities Investment

Gold trades near historic $2,500 mark on US Fed rate-cut optimism

Enthusiasm over a likely interest rate cut by the US Federal Reserve in September propelled bullion to an all-time high of $2,509.65 on August 16

US Fed

US Fed says rate cuts could come ‘soon’

US Federal Reserve chairman Jerome Powell on Wednesday said “there was a growing sense of confidence” the central bank could cut rates in September

US Fed

US Fed chair Jerome Powell hints at further interest rate hikes

The key takeaway from Powell’s speech is monetary policy will stay “restrictive” until inflation is moving firmly toward 2 per cent