Bloomberg Daybreak: US Edition Jackson Hole Points to Hard Road Ahead for Powell; Wall Street Awaits Nvidia Earnings
10 snips
Aug 25, 2025 Tensions rise as Jerome Powell hints at potential interest rate cuts following the Jackson Hole symposium. Traders express relief, anticipating a boost from upcoming tech earnings, especially amid the AI boom. The podcast also touches on SpaceX's unexpected delay of its Starship rocket test flight due to ground system issues. As the Fed grapples with inflation and employment, geopolitical tensions and environmental challenges are highlighted, affecting market dynamics and policymaker decisions.
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September Cut Door Ajar
- Fed Chair Jay Powell signaled that a rate cut could come as soon as September, opening the door to easing.
- Traders priced an 84% chance of a September cut after Powell's Jackson Hole remarks.
Nvidia Is The Market's AI Test
- Nvidia's earnings will test whether AI euphoria justifies lofty tech valuations, with China business a central theme.
- Other major tech and retail reports this week will add context to market momentum.
Keurig Splits Coffee After JDE Deal
- Keurig Dr Pepper agreed to buy JDE Peet for $18.4 billion and plans to split its coffee and beverage businesses post-deal.
- The move reshapes company structure and focuses coffee into a separate unit.