Economists have long preferred independent central banks because they can more easily take unpopular steps to fight inflation.

Nvidia has grown, swelling to a $4 trillion valuation last month, so has its weighting in the S&P 500. It now makes up almost 8 per cent of the index.

The symposium comes amidst a confusing economic picture and pressure on several members of the top committee to quit from President Trump.

The Nasdaq, S&P 500, and Dow slip on Thursday, pressured by declining shares of Walmart (WMT) all while investors look ahead to Federal Reserve Chair Jerome Powell’s upcoming speech at Jackson Hole on ...

Investors will scrutinize the Fed chair's speech for clarity on whether the Fed will cut interest rates next month.

July’s weak jobs report could be grounds for a big rate cut come September.

Just three weeks ago, Federal Reserve Chair Jerome Powell spoke to reporters after the central bank had kept its key interest rate unchanged for a fifth straight meeting.

Disappointing earnings reports and weak labour data on Thursday pave the way towards Fed Chair Jerome Powell's Friday speech at Jackson Hole, keeping tensions elevated. View on euronews ...

Jerome Powell, the Federal Reserve chair, is managing a high-stakes balancing act as he grapples with a cooling labor market, rising inflation and White House pressure to cut interest rates.