US stocks fall after Powell hints at future rate hikes
chinadaily.com.cn |
Updated: 2023-06-22 09:03
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Federal Reserve Chair Jerome Powell told Congress on Wednesday that while the current level of inflation in the US has moderated compared with last year, inflationary pressures are still high, and the US remains a "long way" away from low, stable inflation. Affected by the talks, the three major US stock indexes collectively closed lower, led by the tech sector.
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