U.S. stock futures pared losses after Fed Chairman Jerome Powell gave no clues about the outlook for interest rates in an earlier speech, after two Fed official says declaring victory over inflation now likely It is still too early, the market is still worried about interest rate hikes, and the major US stock indexes fluctuated on Tuesday (10th). At press time, the Dow was up 0.05%, with Nasdaq up 0.05%. The DAQ Composite rose 0.02%, while the S&P 500 Down 0.03%, the Philadelphia Semiconductor index fell nearly 0.4%
Powell speaks at a forum in Stockholm on Tuesday about the central bank's Independence delivers short talks. He sees the need for the Fed to stay out of politics as it tackles persistently high inflation, while stabilizing prices requires difficult decisions that are politically unpopular as the Fed
Interest rates slow the economy to guide inflation down.
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