Japan's Nikkei down nearly 2% ahead of Powell's speech

04:47

More Videos

Iran: America’s War of Choice | Bigger Than Five

Trump vs Iran: what comes next? | Inside America

Inside Konya, Türkiye’s Historic Heart | Where to Next?

Bosnian youth lead calls for justice after a deadly tram crash

Sarajevo tram accident triggers mass protests

Trump’s “Board of Peace”: diplomacy or imperialism? | Bigger Than Five

Can Trump still end the war in Ukraine? | Inside America

Collision | Storyteller | Trailer

Farming in America: The Land of Junk Food | Storyteller | Trailer

The Take Back | Storyteller | Trailer

Asia Pacific

Japan's Nikkei down nearly 2% ahead of Powell's speech

Asia-Pacific markets are all trading in the red as investors prepare for signals on US monetary policy today. US Federal Reserve's chair Jerome Powell will be speaking later on today at the Jackson Hole meeting, and his speech is expected to be pivotal for markets. Since he took over the position in 2018, Powell has used his annual addresses at the Jackson Hole retreat to push policy agendas. With inflation retreating, and the economy still on solid ground, this speech could witness a marked shift in the direction of monetary policy.

August 25, 2023