First American

Stocks End Lower, Yields Rise After Powell's Hawkish Remarks

“They’re not so concerned about heading into a recession as they are in combating inflation—so that makes for a very dangerous setup,” said Jerry Braakman, president and chief investment officer of First American Trust in Santa Ana, California.”

Read more about the anticipated interest-rate increases following Federal Chairman Jerome Powell’s comments on Friday, August 26th, 2022, in this article by The Wall Street Journal. 

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