19 min listen
SQUAWK BOX, WEDNESDAY 18TH MAY, 2022
ratings:
Length:
26 minutes
Released:
May 18, 2022
Format:
Podcast episode
Description
U.S. Federal Reserve Chairman Jerome Powell insists that the central bank will continue to raise rates as long as is needed in order to rein in inflation. However, Powell did acknowledge the potential consumer pain involved in the process. Investors pump the Nasdaq by almost 3 per cent after swooping in for recently hurting tech stocks, seemingly unconcerned by a looming recession. In retail, Wal-Mart misses earnings expectations despite positive U.S. consumer data for April. And in European banking news, the Unicredit-Commerzbank tie-up is reportedly shelved due to the uncertainty brought on by Russia’s invasion of Ukraine.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Released:
May 18, 2022
Format:
Podcast episode
Titles in the series (100)
SQUAWK BOX, TUESDAY 12th MARCH, 2019 by Squawk Box Europe Express