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Business

Fed Chair Powell 'gave the markets false hope' -CIO

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Kevin Nicholson, Global Fixed Income CIO and Co-Head of Investment Committee at RiverFront Investment Group, said that U.S. Federal Reserve Chair Jerome Powell on Wednesday (Feb. 1) "gave the markets false hope as it pertains to the direction of interest rates. His statements basically made it appear that they were at the end of hiking, even though the statement said that they will continue to hike."

Business

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