was considering new export restrictions to China. "And it feels like the market really wants to go higher, but the whole, 'we need to have higher rates for longer' message is kind of serving as today's cap."Ĭhip stocks fell a day after The Wall Street Journal reported that the U.S. "We're all digesting the comments from the big four central bankers," Bokeh Capital Partners' Kim Forrest said. Powell spoke before a panel with Bank of England Governor Andrew Bailey, European Central Bank President Christine Lagarde and Bank of Japan Governor Kazuo Ueda at the ECB Forum on Central Banking in Sintra, Portugal. Powell on Wednesday said more restrictive policy is still to come as the Fed continues to fight inflation, including the likelihood of interest rate hikes at consecutive meetings.
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