Jerome Powell, Chairman of the Federal Reserve System (Fed), said that they are prepared to raise rates further if appropriate in his opening remarks at the annual Jackson Hole Economic Symposium.
Key takeaways from Jerome Powell's speech at the Jackson Hole Symposium
"We intend to hold rates at restrictive level until confident inflation is moving sustainably down to 2%."
"Fed will proceed carefully when deciding t...

U.S. job openings dropped to their lowest level in more than two years in July, but remain relatively elevated, potentially prompting Federal Reserve officials to keep interest rates higher for longer to help loosen a tight labor market.
Highlighting the resilient market conditions, layoffs were little changed at 1.6 million during the month, suggesting that employers are continuing to hold on to workers following troubles finding labor...