US Equity Markets Rise After Powell Hints at Interest Rate Cut in September

04:16 PM EDT, 08/22/2025 (MT Newswires) -- US benchmark equity indexes ended higher on Friday as the Dow Jones Industrial Average jumped to a record after Federal Reserve Chair Jerome Powell signaled that the central bank may start cutting interest rates in September.

* In an address at the Federal Reserve's annual gathering in Jackson Hole, Wyoming, Powell opened the door to a possible change in monetary policy, noting that the evolving economic landscape and changing risk balance may require adjustments to the Fed's current stance. He emphasized that the risks tied to the Fed's dual mandate, promoting full employment and maintaining price stability, now appear to be shifting.

* Expectations for a 0.25 percentage-point rate cut in September rose to 84% from 75% a day earlier, according to CME Group's FedWatch tool.

* October West Texas Intermediate crude oil rose $0.27 to settle at $63.79 per barrel, while October Brent crude, the global benchmark, was last seen up $0.18 to $67.85.

* Enphase Energy (ENPH) shares rose 10%, a day after the company said that its products subject to the EU's Radio Equipment Directive Article 3.3 cybersecurity requirements received full compliance certification.

* Intuit (INTU) shares fell 5% after multiple analysts, including UBS, Morgan Stanley and Barclays, lowered their price targets on the stock, despite the software company's fiscal Q4 results beating estimates.

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