US stocks fall as the 10-year US Treasury yield approaches 5% and Powell says inflation 'still too high'

US stocks fall as the 10-year US Treasury yield approaches 5% and Powell says inflation 'still too high'

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None US stocks dropped on Thursday following comments from Federal Reserve Chairman Jerome Powell. • None Powell said that inflation is still too elevated and reiterated the higher-for-longer outlook for rates. • None "Does it feel like policy is too tight right now? I would have to say no,"…

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