12 min listen
SQUAWK BOX, MONDAY 29TH AUGUST, 2022
ratings:
Length:
26 minutes
Released:
Aug 29, 2022
Format:
Podcast episode
Description
The Dow drops 1,000 points following Federal Reserve Chairman Jerome Powell’s Jackson Hole speech. Powell sparked a global sell-off after warning of increased pain to come in the struggle against rampant inflation. The ECB follows suit, predicting further sacrifices to curb price pressures on this side of the Atlantic. In China, July’s industrial profits slump on the back of continuing Covid restrictions and power outages hit factory performance. Regulators have called on banks to provide more support. And in crypto news, Bitcoin is on course for its fifth day of declines, dipping below the $20k mark amid concerns about the Fed’s rate hike trajectory.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Released:
Aug 29, 2022
Format:
Podcast episode
Titles in the series (100)
SQUAWK BOX, MONDAY 18TH MARCH, 2019 by Squawk Box Europe Express