Federal Reserve Chairman Jerome Powell set the stage for further rounds of interest-rate increases on March 7, sending bond yields higher and stock prices lower.
At... Federal Reserve Chairman Jerome Powell set the stage for further rounds of interest-rate increases on March 7, sending bond yields higher and stock prices lower. At first glance, Powell’s choice of words when speaking before the Senate Banking Committee may have seemed reasonable and measured, but investors didn’t see it that way.
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“The engines are buckling captain”. “Brace for impact Scotty.”