International crude oil prices settled two per cent higher in the previous session after hitting an eight-month low level during the week after US Federal Reserve Chairman Jerome Powell indicated that the ‘time has come’ for the central bank to change its policy and cut interest rates, while addressing the Jackson Hole Symposium in Wyoming …
6 min read Last Updated : Aug 23 2024 | 11:20 PM IST By Amara Omeokwe and Jonnelle Marte Chair Jerome Powell said the time has come for the Federal Reserve to cut its key policy rate, affirming expectations that officials will begin lowering borrowing costs next month and making clear his intention …
The much-awaited Jackson Hole annual symposium kicked off on Thursday, August 22, at Wyoming in the United States of America (USA), with central bankers worldwide assembled to attend the globe’s premier economic gathering. US Federal Reserve Chairman Jerome Powell will address the symposium on Friday, August 23, the marquee event for financial markets worldwide. Investors …