US Dollar Bounces Back, Stocks Retreat after Hawkish Powell Statement

<p>The US dollar rose while stocks retreated after a hawkish statement by Jerome Powell, the Fed chair. In a speech at an IMF forum, Powell signaled that the central bank was likely to hike rates by 0.50% in May this year. He also noted that the bank will start shrinking its $9 trillion assets in […]</p>
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