Market Updates
Fed's Hawkish Comments Fail to Dampen Market Advance
Barry Adams
08 Sep, 2022
New York City
Stocks traded briefly lower Thursday after hawkish comments from the Fed Chair Powell and the ECB President Lagarde.
Fed Chairman Jerome Powell reiterated the central bank's commitment in fighting high inflation and warned that a smaller increase or a pause in rate hikes are not likely anytime soon.
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