Awaiting the Fed’s next move, the crypto market crashed, but expectations now center on the FOMC Minutes and Powell’s speech at Jackson Hole.

Federal Reserve Chair Jerome Powell will speak Friday during an annual economic policy gathering to give his outlook on the economy. It’s a time of high uncertainty with inflation still

The US Dollar Index (DXY) clocked acceptable gains around 98.30 in a context of a generalised decline in US yields. The publication of the FOMC Minutes will be the salient event, seconded by the weekly MBA Mortgage Applications and the weekly report on US crude oil supplies by the EIA. In addition, the Fed’s Waller and Bostic are due to speak.

Wall Street will be listening closely to Federal Reserve Chair Jerome Powell's speech Friday at the Jackson Hole economic policy summit, where he could signal whether the central bank is ready to cut borrowing costs at its next meeting in September.

The Fed left interest rates unchanged, after President Donald Trump again demanded the U.S. central bank cut borrowing costs.

The silver market holds above key support at $37.87 while Fed signals and Powell’s Jackson Hole commentary could trigger the next major move.

Citing sharp downward revisions to U.S. job growth, Bowman reiterated her forecast for three cuts this year while warning that declining data reliability complicates policymaking.

Powell has repeatedly rejected the notion that the decision about the base rate is down to anything except economic data and anecdotal evidence submitted to the FOMC by businesses on the ground.

President Trump has pressured Fed Chair Jerome Powell to lower interest rates. Here's what the experts think will happen at today's monetary policy meeting.