Shares slip, dollar steady as markets assess Powell comments

Published by
Reuters UK

By Herbert Lash and Alun John NEW YORK/LONDON (Reuters) -Global shares fell and the dollar was steady on Wednesday as the Federal Reserve’s mantra that interest rates will stay higher for longer overshadowed the notion that the U.S. central bank will soon pause its tightening cycle as the economy slows. Fed Chair Jerome Powell provided fuel for both sides of the argument at the Economic Club of Washington on Tuesday. He said rates might need to move higher if the U.S. economy remained strong, but reiterated “disinflation” is underway. Fed officials on Wednesday echoed that dual message, with G…

Read More

See also  Russia blocks Twitter

Leave a Reply