VWO - Are Global Markets Signaling Pessimism? Asia And Europe Markets Dip Crude Touches $90 Gold Hovers Near $2000 | Benzinga
On Thursday, October 19, the U.S. stock markets ended lower as treasury Yields continued to climb, with the 10-year note reaching its highest level in 16 years, approaching nearly 5%.
Powell, addressing the Economic Club in New York, stated that U.S. central bankers are proceeding cautiously after last year’s rate hikes but acknowledged that further rate increases could be warranted due to the strong economy and tight labor market.
Related: Powell’s Interest Rate Remarks Trigger Thursday Roller Coaster: What Did Fed Chair Say?
The Dow Jones Industrial Average declined by 0.75% to 33,414.17, the S&P ...