The markets skyrocketed on Friday with the Dow, Nasdaq and the S&P 500 all up nearly two percent after Federal Reserve Chair Jerome Powell’s signaled an interest rate cut could be coming next month. NBC’s Christine Romans joins Saturday TODAY to break down what you need to know.

Federal Reserve chairman Jerome Powell signaled a possible interest rate cut in the months to come, sending stocks sharply higher.

Federal Reserve Chair Jerome Powell on Friday opened the door ever so slightly to lowering a key interest rate in the coming months but gave no hint on the timing of a move and suggested the central b