Global stocks hammered after Powell speechsteemCreated with Sketch.

in #usstockmarket7 years ago

U.S. stock markets fell during trading yesterday after Federal Reserve Chairman Jerome Powell signaled the central bank would likely raise interest rates more than 3 times in 2018. Powell said the U.S. economy had strengthened since the Fed's last set of economic projections in December, which some investors have taken as a signal the Fed is going to adopt a more hawkish outlook for monetary policy this year. The Dow Jones, S&P500 and Nasdaq finished down 1.16, 1.27 and 1.23 per cent lower respectively. Asian and European markets are all lower too today!

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