Powell gives the all-clear. | MarketTalk: What’s up today? | Swissquote

‘The time has come for policy to adjust, and the direction of the travel is clear’ said Federal Reserve (Fed) Chair Jerome Powell at his Jackson Hole speech on Friday and kept the door open for large cut bets. US yields and the dollar softened, equities rallied. All eyes are on the US GDP update and the core PCE data, before next week’s all-important jobs report. Elsewhere, the Eurozone countries will reveal their flash August inflation numbers and any softness in European inflation figures could revive the European Central Bank (ECB) doves and balance out the dovish Fed expectations. In energy, Us crude gained on Friday along with risk assets, and bulls are joining in this morning on news that Israel has declared a 48-hour state of emergency after launching a pre-emptive strike on Hezbollah sites in Southern Lebanon, in anticipation of a response to last month’s assassination of its military chief. In individual equities, Nvidia earnings are due after the Wednesday’s closing bell, and the expectations remain sky-high. Listen to find out more!