The hope among investors had been that Powell would hint that the Fed's first cut to interest rates of the year may be imminent.

Former St. Louis Fed President James Bullard said Friday that a September interest-rate cut was now a "done deal." It was notable that Powell "didn't say too much" about the rest of the year, Bullard said,

Federal Reserve Chair Jerome Powell delivers a high-profile address at the annual Jackson Hole Economic Policy Symposium.

Martin Baccardax, Senior Writer at Barron's, says the slowdown in the labour market, inflationary pressure, and concerns about tariffs make forecasts for the market 'tricky'. In addition, potential interest rate changes by the Fed have an impact on tech stocks.

Federal Reserve Chair Jerome Powell didn't "promise" to cut interest rates in September and may not adjust rates if there are dramatic surprises in the data in the coming weeks, said former Boston Fed President Eric Rosengren.

The Trump administration has pressured Powell, whose term as Fed chair expires next year, to step down as chair of the central bank.

Japan's Ministry of Finance is preparing to ramp up the interest rate it factors in for long-term government bonds to the highest level in 17 years as it gathers in other ministries' budget requests for fiscal 2026/27,

President Donald Trump has gone on a bond buying spree since taking office, reportedly sinking more than $100 million into debt issued by big companies and municipal governments alike.