US stocks are declining after a weekend filled with global central bank hawkishness reinforced the message that global central bank tightening will deliver pain to households and businesses. Friday’s sharp selloff is continuing as expectations for the global energy crisis persist, which will keep inflation risks elevated and lead to a rapid deterioration of economic data.
Powell sent a short and direct message that there won’t be a Fed pivot anytime soon and that has markets positioned for fur
29-08-2022 12:27 GMT
by Edward Moya