Welcome to Yahoo Finance's flagship show, The Morning Brief. I'm Julie Hyman. Let's get to the three things you need to know today.First up, US stock futures little changed ahead of Federal Reserve Chair Jerome Pal's Jackson Hole speech. Investors showing caution ahead of the remarks with the S&P 500 down five days in a row. Investors largely expect Pal to indicate the policy makers will start cutting interest rates next month, but it's not a sure bet.Cleveland Fed President Beth Hammock telling Yahoo Finan ...

BREAKING🇺🇸 FED WILL CUT RATES IN SEPTEMBERODDS ARE NOW 87.3% 🔥 https://t.co/r2AJPjKxqz ...

European Central Bank officials are growing more confident they can leave interest rates on hold in September: Here's your Evening Briefing https://t.co/1SovdQVMpa ...

U.S. stock futures are pointing higher as investors turn their attention to remarks today from Federal Reserve Chair Jerome Powell that could provide insight into interest rates. Here's what investors need to know today. https://t.co/CoA3IaOULT ...

going on that's much more positive, right. >> Although the question is how far we are into that process. Yeah.Speaking on that point, we want to get back to Jackson Hole, where Steve Liesman joins us with Cleveland Fed President Hammock. Hey, Steve. >> Hey, Carl.Thank you. We are here with the Cleveland Fed president Beth Hammock, celebrating her one year and one day anniversary as the new president of the Cleveland Fed. Thanks for joining us, Beth. >> Thanks for having me, Steve.>> How do you react when yo ...

For much of this month, Wall Street traders bet that the Federal Reserve was finally ready to start cutting interest rates again. On Friday, they got what they were looking for. https://t.co/3JjXjfxxh6 ...

Monetary Policy - The Federal Reserve has abandoned its 2% inflation target in favor of "flexible inflation targeting" [1] - Low interest rates are now primarily used to manage the national debt [2] - Fiscal dominance is now the prevailing economic condition [3]

Central Bank Independence & Monetary Policy - Central bank independence is crucial for price stability and economic growth [2][5] - The speaker emphasizes the need to fight for central bank independence, drawing on Germany's post-1948 experience [3][4][5] - The speaker expects Jerome Powell to deliver a clear message on price stability and the central bank's mandate [7] Interest Rate & Inflation - The speaker believes interest rates are currently in equilibrium at 2%, aligning with the target [8][9] - The speaker suggests inflation is potentially no longer the primary concern, but disinflation risks need monitoring [9][10] - Service inflation remains high, above 3%, necessitating a wait-and-see approach to monetary policy [10][11] Economic Outlook - A mild recession in Germany is possible this year, but economic growth is expected to return next year [7][8] - The speaker notes the potential for imported disinflation from a strengthening Euro and cheap Chinese goods [10] - The bar for cutting interest rates is high, requiring significant evidence to warrant a change in monetary policy [12]

I was fed chair pal a few moments ago suggesting the balance of risks is shifting. Inflation still tilted higher he says but signs of softening in the labor market. Joining us this morning at post9 Anastasia Maroso Partners Group chief investment strategist for private wealth.It's great to have you back. Good to see you. A busy morning.So clearly the market was was too nervous going in. Right. Yes definitely.But we got a very strong nod to September and that is obviously a huge relief. Look, I'm not entirel ...

A key gauge of US bank stocks headed for its first record close since January 2022, with the latest leg higher coming after investors speculated Fed chief Jerome Powell signaled a willingness to cut rates next month https://t.co/vUGTj5hHAk ...