Published on 14 Nov 2024 on Benzinga
...Remarks Shake Markets: Stocks Fall, Dollar Rockets, Bitcoin Dips - SPDR Dow...
Federal Reserve Chair Jerome Powell's unexpectedly hawkish remarks on Thursday sent markets into a tailspin. Major U.S. equity indices closed in the red, and the dollar soared for a fifth consecutive session.
In a speech to Dallas business leaders, Powell highlighted the remarkable strength of the U.S. economy, indicating that there's no need for the Fed to “be in a hurry to lower rates.”