Powell Says Conditions ‘May Warrant' Interest Rate Cut In Jackson Hole Speech (Live Updates)
1. Powell signals openness to interest rate cuts, boosting market optimism. 2. Labor market stability supports cautious approach to policy adjustments. 3. Market rallied significantly; S&P 500 increased by 1.5%. 4. 91.3% odds for Federal Reserve rate cut in September highlighted. 5. Inflation measures to be released on August 29 will be crucial.