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Oil prices end higher after Powell speech, post second straight weekly loss

Por: MarketWatch Business August 25, 2023

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Price action Market drivers In an eagerly awaited speech at the Kansas City Fed’s annual symposium in Jackson Hole, Wyo., Powell delivered a speech widely described by analysts and economists as “hawkish,” but not as aggressive on the scope for further monetary tightening as some market participants had expected. Powell also set a higher bar for further interest rate increases, economists said, while also warning that inflation remains too... + full article



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