• Global stocks rise and the dollar edges lower after Fed's Powell promised to fight inflation

    6 days ago - By Business Insider

    Fed Chair Jerome Powell calmed investor nervousness with a more upbeat speech on Thursday. Brendan McDermid/Reuters
    Global stocks rise as investor angst eased after Fed Chair Jerome Powell vowed to fight inflation.
    Meanwhile, yields on the 10 US Treasury note fell as investors rush to the safe-haven dollar.
    In commodities, copper falls to a 16-month low even as workers at the world's biggest producer went on strike.
    US stock futures gained upward momentum and the dollar eased on Friday after Federal Reserve Chair Jerome Powell calmed some investor angst by pledging to fight inflation...
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