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UNBELIEVABLE: Powell s comments impact global markets easing hopes diminished | History Defined

Passersby are reflected on an electric stock quotation board outside a brokerage in Tokyo

Global markets took a hit as hopes for easing measures were dashed by Federal Reserve Chairman Jerome Powell's comments, causing a dent in market sentiment once again.

Powell's remarks during a speech on Tuesday indicated that the Fed may not be as aggressive in cutting interest rates as previously anticipated, leading to a sell-off in equities and a rise in bond yields.

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