MARKET DAILY

Market 08/22: Powell Changes Stance to Support September Cut

Entire market hits new highs: FED loosens short-term but tightens long-term

Steve Le
Steve Le

Key highlights:

  • Powell's speech at Jackson Hole

  • Two more FED officials support September cut

  • Nvidia requests suspension of AI chip H20 production

  • Canada lifts tariffs on US

  • Japan CPI July above forecast

  • Zoom: Q2 good, full-year forecast even better

  • Market: Hits peaks as Powell unexpectedly changes tone

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