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Analysis - Investors keep bets on U.S. rates soon topping out, despite Powell's hawkishness

A hawkish tilt from Federal Reserve Chair Jerome Powell hasn't been enough to convince some investors that the central bank is unlikely to hold U.S. interest rates at elevated levels for much longer. Testifying to U.S. lawmakers, Powell on Wednesday said the Fed had a “long way to go” in bringing down inflation to its 2% target and suggested the central bank may need to raise rates twice more this year - a message he also delivered at last week’s monetary policy meetin...
Davide Barbuscia Roger Hallam Greg Peters Steve Hooker Leslie Adler Ira Iosebashvili
Source: yahoo.com

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