US stocks dip ahead of Powell hearing | Malay Mail

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NEW YORK, June 22 — Wall Street stocks edged lower early today as markets await a hearing with the Federal Reserve chair, amid debate on inflation and infrastructure spending. Today’s session opened in a low-key manner after Friday’s rout was followed by an impressive rally on Monday. Federal...

NEW YORK, June 22 — Wall Street stocks edged lower early today as markets await a hearing with the Federal Reserve chair, amid debate on inflation and infrastructure spending.

Federal Reserve Chair Jerome Powell described the US economy as in the midst of a “sustained improvement,” but still in need of policy support in prepared remarks ahead of a House hearing later today.

 

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