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- Source: CNN " data-fave-thumbnails="{"big": { "uri": "" }, "small": { "uri": "" } }" data-vr-video="" data-show-html="" data-byline-html="" data-timestamp-html="" data-check-event-based-preview="" data-is-vertical-video-embed="" data-network-id="" data-publish-date="" data-video-section="us" data-canonical-url="" data-branding-key="" data-video-slug="" data-first-publish-slug="" data-video-tags="" data-details="">

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Remarks by Federal Reserve Chair Jerome Powell fueled a rally on Wall Street after he said on August 23 that the "time has come" for the US to start cutting interest rates.

Angela Weiss/AFP/Getty Images

Dow closes at new record high on rate cut rally: Here’s what’s next for Wall Street

Anticipation of a rate cut from the Federal Reserve is breathing new life into America's frozen housing market.

David Paul Morris/Bloomberg/Getty Images

Finally, America’s housing market is starting to loosen up. But it’ll be a bumpy road back

At Target in New York City, a variety of school supplies, including lunch boxes and backpacks in different colors and patterns, are on display for the upcoming school year.

Deb Cohn-Orbach/UCG/Universal Images Group/Getty Images

Americans set to spend a total of $39 billion on back-to-school shopping this year

Federal Reserve Chair Jerome Powell speaks during a Senate Banking, Housing, and Urban Affairs Committee hearing on July 9 in Washington, DC.

Bonnie Cash/Getty Images

Dow closes more than 450 points higher after Fed’s Powell hints rate cuts are coming

Jerome Powell, chairman of the US Federal Reserve, right, during the Kansas City Federal Reserve's Jackson Hole Economic Policy Symposium in Moran, Wyoming, US, on Friday, Aug. 23, 2024. 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 to prevent further cooling in the labor market.

Natalie Behring/Bloomberg/Getty Images

‘The time has come’: The Fed just sent a crucial message about its next move

Federal Reserve Chair Jerome Powell speaks at a news conference on July 31 in Washington, DC.

Andrew Harnik/Getty Images

Powell just suggested interest rate cuts are coming. What everyone wants to know now

Federal Reserve Chair Jerome Powell takes a break during the Jackson Hole Economic Symposium in Wyoming on August 25, 2023.

Amber Baesler/AP

All eyes on Powell’s Jackson Hole speech as new data fuels concern of a weaker labor market

Economic calendar

Mon · 8/26 Tue · 8/27 Wed · 8/28 Thu · 8/29 Fri · 8/30

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Monday · Aug 26, 2024

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