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| Economy |
| Dow hits record high after Fed Chair hints at September rate cuts |
| 2025-08-23 |
| [Just The News] The Dow Jones Industrial Average clinched a record high Friday for the first time this year hours after Federal Reserve Chair Jerome Powell hinted that the Fed may soon lower interest rates. The Dow climbed 846 points, or 1.89%, from Thursday’s close to an all-time high of 45,631.74. Both the broadly diversified S&P 500 and the tech-heavy Nasdaq have recorded more than 15 record highs in 2025. Investors across the country watched Powell’s live streamed address at an economic symposium in Jackson Hole, Wyo., Friday, where he described the economic conditions facing Americans and the Fed. The data indicate that rising inflation and weakening employment are more likely than not, according to Powell, creating a "challenging situation." "When our goals are in tension like this, our framework calls for us to balance both sides of our dual mandate," which he explained as "[fostering] maximum employment and stable prices for the American people." |
| Posted by:Besoeker |
| #3 And the memes are out. Mulvany holding a cracker barrel like a bud light. |
| Posted by: swksvolFF 2025-08-23 13:37 |
| #2 "Cracker Barrel is the Kathleen Kennedy of restaurants." Accurate. Not mine. In my feed, people who wouldn't be caught dead in a Cracker Barrel, even with avocado toast on the menu. 'Cracker Barrel isn't going woke, but going woke is not a bad thing.' Prediction. There will be some interest, but most of it will be disaster tourists, then the only cooking Cracker Barrel will be doing is the books until it is too obvious they find out about Copybook Headings. Someone pointed out, doesn't it seem odd that all the people making these decisions all seem to be the same age group? |
| Posted by: swksvolFF 2025-08-23 10:07 |
| #1 Short the spike. |
| Posted by: Skidmark 2025-08-23 09:45 |