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Wall Street ends well down as Powell’s speech affirms hawkish rate stance

Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., August 15, 2022. REUTERS/Brendan McDermid/File Photo Join now for FREE unlimited access to Reuters.com Register Fed will continue to tighten until inflation is under control – Powell Core PCE rises 0.1% in July compared to a rise of 0.6% …

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Sudden crypto drop sends bitcoin to three-week low

Representations of cryptocurrencies are seen in this illustration, August 10, 2022. REUTERS/Dado Ruvic/Illustration Join now for FREE unlimited access to Reuters.com Register SINGAPORE, Aug 19 (Reuters) – Cryptocurrencies fell sharply on Friday, with a sudden selloff dragging bitcoin to its lowest level in three weeks. Bitcoin fell 7.7% to $21,404 within minutes during the European …

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