Powell says Fed is poised to hike interest rates to fight inflation despite Ukraine war, market sell

  

Powell says Fed is poised to hike interest rates to fight inflation despite Ukraine war, market sell

Powell's remarks confirm wide expectations of the Fed's first rate hike in more than three years after he told reporters in late January that officials were "of a mind" to lift the benchmark short-term rate, assuming conditions are appropriate for us to do so."

Since then, the Ukraine war has driven oil and gasoline prices higher, further clogged the nation's supply chains and intensified a stock market sell-off.

full article: https://finance.yahoo.com/news/powell-says-fed-poised-raise-133225994.html


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