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Business > Foreign Business
Most stocks dip as traders eye key Powell speech
By Agence France-Presse
Aug 23, 2022 12:07 am

HONG KONG: Markets sank on Monday and the dollar rallied on renewed concerns about the Federal Reserve's (Fed) plans to ramp up interest rates to combat runaway inflation.

All eyes are on a symposium in Jackson Hole, Wyoming, where Fed Chairman Jerome Powell will deliver a speech that traders will follow for an idea about the United States central bank's next moves.

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