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slash Wall Street.

U.S. stocks rally after Fed Chair Jerome Powell sends the strongest signal yet

of an upcoming rate cut.

And Vice President Kamala Harris's crusade against Price Gouging is resonating with the Democratic Party's base.

They like the idea of fighting corporate gougers.

They aren't always sure how to define gouging

and they aren't always sure who's to blame,

but they like the idea of the administration going after someone

and trying to do something to curb

a lot of these price hikes.

Plus, the US Justice Department and eight states are accusing a real estate software company

of a legally coordinating rent increases.

It's Friday, August 23rd.

I'm Danny Lewis for the Wall Street Journal.

This is the PM edition of What's News,

the top headlines and business stories that move the world today.

It's looking even likelier that the Federal Reserve will cut interest rates soon.

During his speech at the Central Bank's annual gathering in Jackson Hole, Wyoming,

Fed Chair Jerome Powell gave his strongest signal yet that cuts are on the way.

...