Stocks Slide, 10-Year Yield Tops 1.8% on Powell: Markets Wrap
- Date: 27-Jan-2022
- Source: Yahoo News
- Sector:Financial Markets
- Country:Middle East
Stocks Slide, 10-Year Yield Tops 1.8% on Powell: Markets Wrap
(Bloomberg) -- Stocks fell and Treasury yields surged as Jerome Powell reinforced that the Federal Reserve is committed to ensuring high inflation doesn’t become entrenched, while adding that he doesn’t rule out a hike every meeting.
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