Powell Hints At Interest Rate Cuts, Wall Street Cheers With Big Rally: This Week In Markets
Posted On August 22, 2025
A week that began with a robust selloff in tech stocks, triggered by fading AI euphoria and a 20% drawdown in Palantir Technologies Inc. (NASDAQ:PLTR), ended with a euphoric rally across Wall Street, powered by unexpectedly dovish signals from Federal Reserve Chair Jerome Powell.
- IWM ETF rallied sharply on Friday. Check live prices here.
Speaking at the annual Jackson Hole symposium, Powell said that, with policy still restrictive and job market data weakening, the Fed could soon pivot — marking his clearest signal yet that rate cuts may be on the horizon.
Despite inflation still running well above the Fed’s 2% goal, Powell indicated that job creation has slowed dramatically …
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