JEROME POWELL "INFLATION IS A SEVERE THREAT" (MORE RATE HIKES)
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We cover the Federal Reserve Chairman Jerome Powell meeting and testimony before the Senate. Jerome Powell speaks on inflation fears and more potential rate hikes coming down the pipeline. There has been rising inflation and Jerome Powell calls it a "severe threat" in his testimony. The fed has been very dovish over the past several months, but is turning more hawkish due to inflation fears. The SPY seems to be reacting kindly to the news.
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