U.S. Federal Reserve Chairman Jerome Powell addressing a news conference last night Photograph: US Federal Reserve/Reuters
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Global markets are rattled today after the US central bank signalled it is ready to raise interest rates as it battles the highest inflation rate in forty years.
Federal Reserve chair Jerome Powell struck a notably hawkish tone at last night’s press conference, saying officials were minded to raise interest in March, and didn’t rule out an aggressive string of interest rate rises at coming meetings.
– Powell main hawkish points: 1) Not ruling out raising rates at every meeting 2) Quite a bit of room to raise…