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US stocks turned negative following the release of the policy statement. Yields on the 2-year and 10-year notes rose. The dollar edged higher against a basket of currencies

Fed Raises Interest Rate By 75 Bps But Hints A Pullback

The new language in the policy statement took note of the still-evolving impact that the Fed's rapid pace of rate hikes has set in motion, and a desire to hone in on a level for the federal funds rate "sufficiently restrictive to return inflation to 2 per cent over time"

Wall Street Retreats As Rate Hike Concerns Persist

Fed Chair Jerome Powell said on Friday the US economy would need tight monetary policy "for some time" before inflation is under control, dashing hopes the Fed might pivot to more subdued rate hikes after recent data suggested price pressures were peaking

Stocks Slide, Dollar Cuts Losses As Powell Warns Of Economic Pain

An index of global stock markets fell on Friday, hurt by weakness on Wall Street after Federal Reserve Chair Jerome Powell said the U.S. economy will need tight monetary policy "for some time" before inflation is under control

Powell's Hawkish Stance Spooks Wall Street

The S&P 500 lost 3.4%, its biggest drop since mid-June, after Jerome Powell said the Fed will likely need to keep interest rates high enough to slow the economy “for some time” in order to beat back the high inflation sweeping the country

Will Need Tight Monetary Policy For Some Time To Tame Inflation: Powell At Jackson Hole

Powell warned that the move will bring some pain to households and businesses. “These are the unfortunate costs of reducing inflation but failing to restore price stability would mean far greater pain,” he said

Benchmark Indices End Marginally Higher Ahead Of Powell's Speech

At close, the Sensex was up 59.15 points or 0.10 per cent at 58,833.87, and the Nifty was up 36.40 points or 0.21 per cent at 17,558.90

Jerome Powell Leaves Kid Gloves Behind As He Saddles Up For Jackson Hole

As Powell speaks on Friday, global central bankers who were responsible for keeping price pressures in check over the past year will be watching every line on his charts

Federal Reserve's Biggest Rate Hike Since 1994, Flags Slowing Economy

U.S. stocks pared gains immediately following the release of the statement and economic projections in choppy trading. U.S. Treasury yields rose while the U.S. dollar gained against a basket of currencies

Rupee Falls 16 Paise To Record Low Of 77.60 Against The US Dollar

At the interbank foreign exchange market, the rupee opened lower at 77.57 and later hit the day's low of 77.61 as the dollar rebounded in global markets following hawkish comments from US Federal Reserve chief Jerome Powell

Powell Says Fed Will Fix Inflation, Calls Price Stability 'Bedrock' Of Economy

With "perfect hindsight," Powell said, it "would have been better" to have begun raising rates earlier than March of this year, given inflation began a sharp turn higher in 2021

US Federal Reserve Hikes Interest Rates By Half Percentage Point

This is the first time since 2000 that the Fed has hiked interest rates by 50 basis points

Powell's Hawkish Comments Breaks D-street's Momentum; Sensex Tanks 715 Pts

The 30-share pack Sensex fell 714.53 points or 1.23 per cent to close at 57,197.15. Its broader peer NSE Nifty fell 220.65 points or 1.27 per cent to settle below the 17,200 mark

Equity Benchmarks Recover Sharply After Initial Slump