After Powell’s Hawkish Pivot Stocks Face Another Sharp fall

After Powell’s Hawkish Pivot Stocks Face Another Sharp fall Near about 3%

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As investors process Federal Reserve Chair Jerome Powell's tough warning that interest rates would rise

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for a longer period of time in a difficult battle against inflation, losses are expected for Asia's stock market on Monday

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Following a 3.4% decline in the S&P 500 index, futures for Japan and Australia lost over 2% and 1.5%, respectively.

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Following a 3.4% decline in the S&P 500 index, futures for Japan and Australia lost over 2% and 1.5%, respectively.

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Due in part to expectations that the Fed will switch to rate reduction next year when GDP slows

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Friday's US decline further shrivelled a worldwide stock market recovery from June's bear market lows

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Commenting on the need for ongoing restraint, Powell moved the US two-year Treasury yield up toward a record high and issued

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