Wall Street falls 2 percent following remarks by Fed's Powell

NEW YORK (Reuters) – U.S. stocks extended losses and the S&P 500 hit a session low in Friday afternoon trading after Federal Reserve Chairman Jerome Powell said the U.S. central bank will likely need to keep raising interest rates to keep inflation under control.


Source: Business

Leave a Reply

Your email address will not be published. Required fields are marked *

eight + ten =