Market Updates
Bond Yields In Focus After Powell's Speech, Stocks Look Beyond Fed's Next Move
Barry Adams
08 Sep, 2022
New York City
Stocks lacked direction and investors digested another round of hawkish comments from the Fed Chair Powell and the ECB President Lagarde.
Federal Reserve 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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