Fed hike, Powell’s recession warning roil markets; dollar shoots up

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1+ y ago 5:17

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Dot plot signals Fed not done with 75 bps hikes, Powell warns of pain ahead. S&P 500 goes back into bear market, dollar destroys everything in its path. Yen slips past 145 as BoJ doesn’t flinch, but jumps after intervention. SNB hikes by 75 bps, BoE expected to follow suit.

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