Powell delivered the guidance in a highly anticipated speech on Friday at the central bank's annual symposium in Jackson Hole, WY.

Wall Street cheered remarks from Federal Reserve Chair Jerome Powell in Jackson Hole opening the door to a rate cut in September.

Participants at the Jackson Hole summer retreat will examine cutting-edge research on the technological and demographic changes underway in the labor market. One of the most interesting papers will review trends in fertility rates around the world,

If inflation starts climbing again after a rate cut, “the Fed will have to reverse course — and in the worst case, start hiking again,” Slok said.

In a typical year, Jackson Hole sparks excitement mostly among market watchers. This time, the symposium feels more pivotal.

Brent Donnelly of Spectra Markets ran a sizeable survey of expectations for Fed Chair Jerome Powell's speech, and of the 473 responses, 51% expect a neutral-to-boring outcome and 43% see a hawkish tint.

Gold futures slipped below $3370 an ounce on Friday, weighed down by a stronger US dollar and caution ahead of Fed Chair Powell's speech at Jackson Hole. The dollar index