{"id":27842,"date":"2022-03-03T09:29:02","date_gmt":"2022-03-03T07:29:02","guid":{"rendered":"https:\/\/ironfx-com-php8.wp-dev.int.theitops.net\/?p=27842"},"modified":"2025-10-13T13:24:18","modified_gmt":"2025-10-13T10:24:18","slug":"dow-jones-rises-as-fed-chairman-powell-testified","status":"publish","type":"post","link":"https:\/\/www.ironfx-id.com\/en\/dow-jones-rises-as-fed-chairman-powell-testified\/","title":{"rendered":"Dow Jones rises as Fed Chairman Powell testified"},"content":{"rendered":"\n

US stockmarkets were on the rise yesterday as Fed Chairman Powell yesterday testified before the House of Representatives. The Fed Chairman in his testimony <\/a>indicated flexibility for the Fed\u2019s rate hike path which may not have been the solid hawkish signal the markets may have been expecting. In his testimony the Fed Chairman also highlighted the uncertainty created from the crisis in Ukraine by stating that \u201cThe conflict is causing tremendous hardship for the Ukrainian people. The implications for the U.S. economy are highly uncertain, and we will be monitoring the situation closely\u201d. In the American session today, we get from the US the ISM non-manufacturing PMI figure for February.<\/p>\n\n\n\n

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