Photo: From left: Fed Chair Jerome Powell; Tiff Macklem, governor of the Bank of Canada; and Andrew Bailey, governor of the Bank of England, during the Kansas City Federal Reserve's Jackson Hole Economic Policy Symposium. From left: Fed Chair Jerome Powell; Tiff Macklem, governor of the Bank of Canada; and Andrew Bailey, governor of the Bank of England, during the Kansas City Federal Reserve's Jackson Hole Economic Policy Symposium.

Federal Reserve Chair Jerome Powell's widely anticipated speech affirmed expectations for an interest rate cut at the central bank's next gathering on September 17 and 18, bolstering stock prices and Treasuries.

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