Dow books 3-day losing streak after Fed’s Powell delivers slightly ‘hawkish’ update on monetary policy

Dow books 3-day losing streak after Fed’s Powell delivers slightly ‘hawkish’ update on monetary policy
·6 min read

U.S. stock indexes close lower Wednesday, as Wall Street reacted to Federal Reserve Chair Powell's optimistic tone on the U.S. economic recovery and a slightly "hawkish" policy update that raised inflation forecasts and brought forward the timing of an interest rate rise.

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