Currencies

Jerome Powell Again Stressed on “Price Stability” and hinted at “Unpopular Decisions”

 Currencies

Wall Street equity futures dropped and stocks in Europe fell as investors assessed hawkish comments from Federal Reserve officials and awaited remarks from Chairman Jerome Powell for clues on further path of interest rates amid a slew of corporate layoffs ranging from hi tech heavyweights like Amazon.com (AMZN) to banking giant Goldman Sachs Group (GS).

January 10, 2023

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