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Wall Street rallies despite Powell’s inflation resolve

Wall Street rallies despite Powell’s inflation resolve

Global Market Insights - Forex, Futures, Stocks

May 18, 20224m 54s

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Rebound in equities gathers steam even as Powell pledges to keep raising rates. Jump in UK inflation fails to sustain pound’s bounce back as dollar strengthens. But sentiment still overall fragile as China and inflation worries persist.

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