Dow Jones loses 207 points on Powell comments

NEW YORK, New York - U.S. stocks fell Thursday following remarks by Fed Chair Jerome Powell indicating interest rate cuts may be slowed due to inflation remaining above the targeted two percent.

"The comments from Powell put more cold water on what used to be a very optimistic outlook on the path for rate cuts," Adam Hetts, global head of Multi-Asset at Janus Henderson Investors told Reuters Thursday.

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