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Powell: inflation has risen significantly in recent months and is expected to fall towards the Fed's goal.
In a speech prepared for the US congressional hearing on June 22, Federal Reserve Chairman Colin Powell said that US inflation has risen significantly in recent months, but inflation is expected to fall towards the Fed's target. Powell said the unemployment rate rose in May, but job growth should accelerate. Economic activity and employment in the United States have continued to strengthen, and the economy continues to show "sustained improvement" and is expected to grow at its fastest pace in recent decades in 2021. Powell also said that the COVID-19 epidemic still poses a risk to the economic outlook. Vaccination may continue to reduce the economic impact of the epidemic, but the new strain is still
新浪財經Jun 22, 2021 05:22
On June 21, the 20 stocks with the largest US stock turnover were sought after at the “US version of Pinduoduo” WSB retail forum
In the early morning of the 22nd Beijing time, US stocks closed higher on Monday, with the financial sector leading the way. The Dow rose 580 points and recorded its biggest daily gain since March 5. Investors are still weighing the shift in the Fed's monetary policy stance and its impact on future markets. St. Louis Federal Reserve Governor Brad said the Federal Reserve should prepare for the risk of rising inflation. New York Federal Reserve Governor Williams said the inflation rate should drop to around 2% next year. The Dow rose 586.89 points, or 1.76%, to 33876.97 points; the NASDAQ rose 111.10 points, or 0.79%, to 14141.48 points; the S&P 500 rose 5 points
新浪財經Jun 22, 2021 04:55
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