Powell’s Upbeat Comments on US Growth Intensified Rate Hike Hopes

Posted February 28th, 2018 by JeremyCockrell and filed in General News

Fed Chair Jerome Powell’s first Congressional testimony, before the House Finance Services Committee, turned out more hawkish than expected. His upbeat assessment on the economic growth outlook and the mention of an “overheated” economy have intensified speculations of three or more rate hikes this year. Equities pulled back with DJIA and S&P 500 indices slipping -1.16% and -1.27% respectively.

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Powell’s Upbeat Comments on US Growth Intensified Rate Hike Hopes

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