Analysis: Investors shun risk as Fed pushes higher-for-longer rates

Traders work on the floor of the New York Stock Exchange (NYSE) as a screen shows Federal Reserve Board Chairman Jerome Powell during a news conference following a Fed rate announcement, in New York City, U.S., July 27, 2022. REUTERS/Brendan McDermid/Register now for FREE unlimited access to Reuters.comRegisterNEW YORK, Aug 26 (Reuters) – Investors are bracing for higher interest rates for longer and hunkering down with defensive portfolios which shun high equities risk, as U.S. Federal Reserve Chair Jerome Powell on Friday cautioned against expecting a swift undo of its rate tightening.Market participants had been awaiting Powell’s …
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