Stocks tread water after shock over Powell rate warning

NEW YORK, March 9 — Stock markets were mixed on Wednesday after Federal Reserve chief Jerome Powell triggered a rout a day earlier by warning that higher interest rate hikes might be needed to tame stubborn inflation.

Powell told US lawmakers that the “ultimate level of interest rates is likely to be higher than previously anticipated” as economic data had come in stronger than expected. Analysts fretted over a US bond market indicator that has historically been a warning sign of recessions: The gap in yields between the two- and 10-year Treasuries, with the shorter-term issue higher.

Fresh data on Wednesday showed that US private hiring also picked up in February — another indication that more effort might be needed to cool the world’s biggest economy.

México Últimas Noticias, México Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

US stocks tread water ahead of Fed Chair Powell's testimonyNEW YORK, March 7 — Wall Street stocks were little changed early today as markets awaited Federal Reserve congressional testimony that will be digested for clues on additional...
Fuente: malaymail - 🏆 1. / 86 Leer más »

Asian stocks tumble after hawkish Powell commentsSINGAPORE, March 8 ― Asian shares fell sharply today, while the dollar advanced after hawkish comments from Federal Reserve Chair Jerome Powell raised the possibility of the...
Fuente: malaymail - 🏆 1. / 86 Leer más »