Traders are now positioning for the Fed’s September meeting, with markets pricing in up to two rate cuts by year’s end. Analysts caution that sustained market gains are contingent on Powell’s continued focus on downside risks and the ongoing tug-of-war between inflation data and jobs figures.

Federal Reserve Chair Jerome Powell on Friday opened the door ever so slightly to lowering a key interest rate in the coming months but gave no hint on the timing of a move and suggested the central b

The dollar dropped broadly on Friday after Federal Reserve Chair Jerome Powell pointed to a possible rate cut at the central bank's September meeting but stopped short of committing to such a move.