Nasdaq Surges as Powell Fuels Rate-Cut Hopes

Tech led a broad rally after Powell’s Jackson Hole remarks suggested growing odds of a September cut. Traders now eye key U.S. data and Asia’s GDP/retail prints.

TL;DR:

• 🏦 Powell remarks power Nasdaq rally
• 📊 Key U.S. data on deck
• 🌏 NZ retail sales, Singapore GDP

Powell Remarks Power Nasdaq Rally

The Nasdaq led Wall Street on August 23, 2025, after Federal Reserve Chair Jerome Powell’s Jackson Hole comments boosted hopes of a September rate cut, sending major tech names to fresh highs. Momentum concentrated in growth and AI-linked stocks as rate-sensitive sectors outperformed. Traders leaned into risk, with sentiment improving across broader indices. Source

Key U.S. Data on Deck

Looking ahead to the week of August 25, markets will parse the NFIB Small Business Optimism Index, CPI, and the Federal Budget on Tuesday, followed by Retail Sales, Industrial Production, and Consumer Sentiment on Friday. These releases could recalibrate rate-cut odds, influence sector rotation, and set tone for late-month volatility. Expect heightened sensitivity in rates and mega-cap tech into the prints. Source

NZ Retail Sales, Singapore GDP

On today’s forex calendar (August 24), New Zealand’s Q2 Retail Sales arrive at 6:45 PM, followed by Singapore’s final Q2 GDP at 8:00 PM. Both releases can move NZD and SGD pairs and shape Asia’s risk tone into the Monday session. Watch for spillover into commodities and regional equities if surprises hit. Source