No commitment made on timing as inflation still has the potential to rise due to tariffs
Federal Reserve chair Jerome Powell made his comments during a speech at the Jackson Hole Economic Policy Symposium in Wyoming. Photo: Bloomberg
Wall Street rallied towards its best day in months yesterday, after the head of the US Federal Reserve hinted cuts to interest rates that investors and president Donald Trump crave so much may be on the way.
The S&P 500 leapt 1.6pc in early trading as it made its first gain in six days.
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