Powell Spooks The Market With Hawkish Talk

We’re definitely seeing the market reaction to the Fed Chair’s latest comments, which leaned more to the hawkish side as he said the Fed could hike by more than 25 basis points at each meeting if needed.

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We’re definitely seeing the market reaction to the Fed Chair’s latest comments, which leaned more to the hawkish side as he said the Fed could hike by more than 25 basis points at each meeting if needed. The net result is a US Dollar back in demand across the board and some downside pressure in US equity futures.

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