Jackson Financial Shares Surge on Rate Cut Hopes

Jackson Financials shares surged by three percent in afternoon trading following Federal Reserve President John Williams hint at potential interest rate cuts. Williams suggested that current policy is modestly restrictive and could move towards a more neutral stance, exciting investors. Despite Jackson Financials adjusted earnings beating expectations, its revenue declined by nineteen percent due to losses on certain securities. The companys shares closed up by two percent, reflecting the markets positive response to the interest rate cut possibility.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.