Stock markets are steadying ahead of Powell's second appearance of the week on Wednesday, after his comments a day earlier saw them go into retreat.
The Fed Chair didn't hold back on his assessment of interest rates, signaling that the Fed will be willing to keep pushing rates higher if the totality of the data continues to necessitate it. I'll be honest, I think he's chosen his words wisely there even if he did produce a more hawkish performance than I anticipated but the message was clear.
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08-03-2023 08:36 GMT
by Craig Erlam
