Bank strategists cite growing optimism following Jackson Hole remarks, though earnings, sales trends, and tariff risks could make or break the small-cap rally.
The National Economic Council Director said "a thorough search process" is underway as Jerome Powell's term is set to expire in May next year.
The broad-based advance in July, boosted by car sales and major online promotions, is another factor for the Fed to ponder ahead of its annual Jackson Hole symposium.
Threat follows President's repeated criticism of the Fed chair over the central bank’s decision to hold interest rates steady
Despite recent data pointing to an economic slowdown, investors have remained optimistic on hopes of a just-in-time Fed rate cut.
Traders, analysts, and executives left reeling as ramifications of reciprocal tariffs on bullion imports slowly sink in.
Signs of a faltering American economy and growing support for easier policy rates at the Fed are swaying fixed-income investors.
The alternative asset giant saw a boost in fee-based profits as its push to launch semi-liquid strategies for more everyday investors continues.
Nvidia, Apple chipmaker reportedly fired employees, launched probe.
Tariff shocks and a weak July jobs report triggered an inauspicious start to August, sparking volatility across the equity and bond markets.
