Federal Reserve Chair Jerome Powell will deliver a keynote speech at the National Association for Business Economics conference in Philadelphia. Markets are eager for insight on future interest rate movements. Powell has highlighted risks to employment and inflation goals, paving the way for potential rate cuts in upcoming Fed meetings.

Traders anticipate rate cuts at both the October and December Fed meetings, with uncertainty beyond. Powell’s upcoming speech may provide further clarity on the central bank’s direction. The Fed chief has emphasized challenges ahead, including a slowing labor market and high stock valuations. Subscribe to CNBC on YouTube for updates.

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1. China’s economy grew by 7.9% in the second quarter, falling short of expectations but still showing a strong recovery from the pandemic.

2. Tesla reports record-breaking profits in the second quarter, surpassing expectations and delivering over 200,000 vehicles despite supply chain challenges.

3. The Federal Reserve keeps interest rates unchanged but signals a potential tapering of bond purchases later this year as the economy continues to recover.: Watch Fed Chair Powell speak live on policy at the NABE conference in Philadelphia