US stocks close higher as traders brush off Powell's warnings of more potential rate hikes

US stocks close higher as traders brush off Powell's warnings of more potential rate hikes

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None US stocks rose Friday as markets brushed off Powell's warnings of more possible Fed tightening. • None The Fed chief said the central bank could hike interest rates further "if appropriate" to tame inflation. • None Investors seemed to ignore the warning, pushing to the Dow up almost 250…

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