Powell Closes The F------ Door On Early Rate Cut Hopes: Stocks, Bonds Tumble While Dollar Rallies - SPDR S&P 500 (ARCA:SPY), iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT)
Fed Chair Jerome Powell said at an IMF conference that inflation remains above target, and there is a need for continued efforts to bring it back to target.
Source: benzinga.com