Gold near one-week low as Fed's Powell strikes hawkish tone - Business News, Finance News, Share Market News - Market trendz

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Wednesday 8 March 2023

Gold near one-week low as Fed's Powell strikes hawkish tone

The Fed will likely need to raise rates more than expected in response to recent strong data and is prepared to move in larger steps if the "totality" of incoming information suggests tougher measures are needed to control inflation, Powell said on the first day of his semi-annual two-day testimony before Congress

from Commodities-Markets-Economic Times
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