Federal Reserve Chair Jerome Powell is set to give what could be his most consequential speech yet — just a few days after one of his colleagues was threatened with prosecution for alleged mortgage fraud.

Asia shares trade mixed on Friday, tracking an overnight decline on Wall Street amid ongoing tech stock sell-offs and anticipation of Powell's remarks. Meanwhile, Japanese shares had a mixed day. This came after new data showed consumer inflation in Japan remained well above the Bank of Japan's annual target.

Walmart earnings are in early focus before the highly anticipated start of the Federal Reserve's gathering at Jackson Hole.

Most economists think the Federal Reserve will cut rates in September. "We do think it is highly likely that the Fed will cut rates by 25 basis points in September; we don't expect any strong signals from the chair on Friday,

Federal Reserve Chair Jerome Powell will roll back some of the strategy changes from 2020 in his speech today, The Wall Street Journal reported. Back then, officials tweaked their approach to say they

Stocks in Asia mostly clung to safe ranges on Friday as traders awaited a key speech from Federal Reserve Chair Jerome Powell at the annual Jackson Hole symposium this weekend that could shed light on the direction of monetary policy.

US Federal Reserve chief Jerome Powell is expected to walk a fine line while delivering a closely watched speech at a central banking conference on Friday, as he faces down attacks from President