🚨🇺🇸Federal Reserve Chair Jerome Powell 📶signaled potential interest rate #cuts in September, citing shifting economic risks and job market weakness. His remarks at Jackson Hole 📈boosted the S&P 500 by 1.3%, fueling optimism for a continued summer market rally.

🔴LIVE: 🇺🇸POWELL SIGNALS POLICY SHIFT AMID RISING JOBS RISK

🔹Fed Chair Jerome Powell ⚠️warned that the balance of risks has shifted, with downside pressures on employment growing while tariffs are visibly lifting consumer prices.

🔹He stressed that stable inflation expectations can’t be taken for granted, and announced the Fed is abandoning its 2020 flexible average inflation targeting framework.

🔹Powell left the door open to rate cuts, citing rising job risks, but stopped short of making a firm commitment.