Investors positively received Jerome Powell’s message in Jackson Hole. The actions shoot in the New York Stock Exchange.
The indices of Wall Street They shoot after the speech of the president of the Federal Reserve (FED) of the United States, Jerome Powell, in the Symposium of Central Banks in Jackson Hole, in which he showed the possibility of a cut of interest rates in September.
The industrial index Dow Jones Salta 2%. The technological weighting of the Nasdaq (1.8%), like the S&P 500 (1.56%).
Meanwhile, in the rest of the world the trend is also positive. In Asia, the Shanghai bag He closed this Friday with a strong rise of 1.45%; in Hong Konghe Hang Seng increased 0.93% and the Japanese Nikkeii showed a slight increase of 0.02%.
In Europe, the index Euro Stoxx 50 rises 0.39%. At the local level, the German Dax increases 0.32%, the French cac operates 0.40% up and United Kingdom Ftse Write down a 0.13%green.
Jerome Powell spoke and opened the door to a rate cut
In what was his Last intervention as head of the agency in Jackson HolePowell recognized the growing risks in the North American labor market and raised the possibility of a cut of the Fed rates in September, although he did not assure it.
Anyway, the market took the novelty almost as a confirmation and The expectations of a cut were located above 90%, After having dropped to 71.5% yesterday, according to data collected by Fedwatch.
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Trump continues to press the Fed
Meanwhile, the President of the United States, Donald Trumpannounced Friday that he would fire the governor of the Federal Reserve, Lisa Cook, if he does not resign, thus intensifying his efforts to gain influence on the US Central Bank.
“I will say goodbye if I don’t give up”Trump declared to the press during a visit to a museum in Washington focused on the White House.
Cook had affirmed that “I had no intention of being intimidated to give up” After Trump requested his resignation on Wednesday, based on accusations about mortgages he owns in Michigan and Georgia.
Source: Ambito
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