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Analysis-Powell's 'higher for longer' mantra fans investor caution over economy

NEW YORK (Reuters) -Federal Reserve Chair Jerome Powell on Friday did little to dissuade markets from the “higher for longer” mantra for rates that has driven up Treasury yields in recent weeks, leaving some investors looking for more cautious bets in case the economy is unable to escape a downturn next year. Speaking at the Kansas City Fed's annual gathering in Jackson Hole, Wyoming, Powell left open the possibility of further rate increases and stressed the U.S. economy&#x2...
Jackson Hole United States Josh Emanuel Andrea Ricci Davide Barbuscia Anders Persson
Source: yahoo.com

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