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Turmoil as Powell takes Federal Reserve hot seat

Feb 06, 2018 (The Australian - ABIX via COMTEX) --

The global sharemarket sell-down has coincided with the US Federal Reserve's transition to new chairman Jerome Powell, who is widely tipped to maintain the central bank's approach to monetary policy under Janet Yellen. The sharemarket rout was sparked by the latest US wages data. This in turn prompted speculation that interest rates would rise more quickly than expected in order to counter inflation, which has largely remained below the Federal Reserve's target of two per cent over recent years..

Publication Date: 7 February 2018

UNITED STATES.  FEDERAL RESERVE BOARD
DOW JONES INDUSTRIAL AVERAGE INDEX
FEDERAL RESERVE BANK OF DALLAS
DEUTSCHE BANK AG

By Nick Timiraos

Copyright 2018 Roy Morgan Research. All Rights Reserved.

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