U.S. stock futures slipped Thursday, as a relief rally fuelled by Federal Reserve Jerome Powell's comments quickly ran out of steam.
U.S. stock futures slipped Thursday, as a relief rally fuelled by Federal Reserve Jerome Powell’s comments quickly ran out of steam.
What’s driving markets Powell... U.S. stock futures slipped Thursday, as a relief rally fuelled by Federal Reserve Jerome Powell’s comments quickly ran out of steam. What’s driving markets Powell on Wednesday said the central bank was not likely to hike by 75 basis points at its next meeting, a comment that immediately sent stocks higher and the dollar DXY and Treasury yields TMUBMUSD10Y lower.
“We need to really see that our expectation is being fulfilled, that inflation in fact is under control and starting to come down, but it’s not like we would stop, we would just go back to 25 basis point increases,” said Powell.
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