{"id":2718,"date":"2024-11-14T22:32:35","date_gmt":"2024-11-14T22:32:35","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=2718"},"modified":"2024-11-14T22:32:35","modified_gmt":"2024-11-14T22:32:35","slug":"powells-hawkish-remarks-shake-markets-stocks-fall-dollar-rockets-bitcoin-dips","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=2718","title":{"rendered":"Powell&#8217;s Hawkish Remarks Shake Markets: Stocks Fall, Dollar Rockets, Bitcoin Dips"},"content":{"rendered":"<div>\n<p>Federal Reserve Chair <strong>Jerome Powell<\/strong>&#8216;s unexpectedly hawkish remarks on Thursday sent markets into a tailspin. Major U.S. equity indices closed in the red, and the dollar soared for <a href=\"https:\/\/www.benzinga.com\/topic\/interest-rates\">a fifth consecutive session<\/a>.<\/p>\n<p>In a speech to Dallas business leaders, Powell highlighted the remarkable strength of the U.S. economy, indicating that there&#8217;s no need for the Fed to \u201cbe in a hurry to lower rates.\u201d<\/p>\n<p>He reiterated the central bank&#8217;s commitment to reaching its 2% inflation target, stressing the need for careful decision-making as inflation remains above desired levels.<\/p>\n<p>He highlighted productivity gains, which he said have \u201cgrown faster over the past five years than at any point in the two decades preceding the pandemic,\u201d positioning the U.S. economy as \u201cthe best-performing among major economies.\u201d<\/p>\n<p>Addressing the October <a href=\"https:\/\/www.benzinga.com\/economics\/macro-economic-events\/24\/11\/41971830\/producer-inflation-rises-more-than-expected-in-october-should-traders-rethink-interest-rate-cut-path\">producer price index (PPI) uptick<\/a>, Powell labeled it \u201cmore than an upward bump\u201d but maintained confidence &#8230;<\/p>\n<p><a href=\"https:\/\/www.benzinga.com\/news\/treasuries\/24\/11\/%252Fpowells-hawkish-remarks-shake-markets-stocks-fall-dollar-rockets-bitcoin-dips\" alt=\"Powell's\" hawkish remarks shake markets: stocks fall dollar rockets bitcoin dips>Full story available on Benzinga.com<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Federal Reserve Chair Jerome Powell&#8216;s unexpectedly hawkish remarks on Thursday sent markets into a tailspin. Major U.S. equity indices closed in the red, and the dollar soared for a fifth consecutive session. In a speech to Dallas business leaders, Powell highlighted the remarkable strength of the U.S. economy, indicating that there&#8217;s no need for the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-2718","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/2718","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=2718"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/2718\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2718"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2718"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2718"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}