Dollar gains, yields ease after Powell inflation comments

Published by
Reuters UK

By Caroline Valetkevitch NEW YORK (Reuters) – U.S. Treasury yields eased for a second consecutive day and the dollar rose on Wednesday after Federal Reserve Chairman Jerome Powell said there is a risk the U.S. central bank’s interest rate hikes will slow the economy too much, but the bigger risk is persistent inflation. The S&P 500 ended slightly lower, and looked set to put in the worst first-half for the U.S. benchmark index in more than five decades. “The clock is kind of running on how long will you remain in a low-inflation regime. … The risk is that because of the multiplicity of shock…

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