• Aug 22, 2024

Wall Street Braces for ‘Reality Check’ From Powell: Markets Wrap

(Bloomberg) -- Bond yields climbed and stocks got hit, with Wall Street traders betting Jerome Powell will throw cold water on market expectations for aggressive interest-rate cuts.Most Read from BloombergChicago's Migrant Surge Is Stirring Trouble for Democrats in DNC Host CityUK Transport Minister Clears Path for More 20mph Speed ZonesWith Self-Driving Vans, Hamburg Tries to Make Microtransit WorkThe Serious Work That Free Play Can DoIn the run-up to Powell’s Jackson Hole speech, Treasuries tu