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Global equities drop as Jay Powell’s comments drag markets lower

Global stocks weakened and Treasury yields climbed on Monday after central bankers warned investors to prepare for a sustained period of higher interest rates.Policymakers from the US Federal Reserve and European Central Bank used speeches at last week’s annual meeting in Jackson Hole, Wyoming, to reiterate their commitment to fighting inflation, despite the risk of …

Global equities drop as Jay Powell’s comments drag markets lower Read More »