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Dollar hits 20-year high as Fed flags rates higher for longer

Markets are now pricing in about a 64.5% chance of a 75 basis point rate hike

New zealandJerome powellCarol kongEuropean central bankCommonwealth bankFederal reserveFederal reserve chair jerome powell25 basis pointAsia tradeEnergy crisis

Time to embrace possible Korea-US interest rate gap reversal : experts

Time to embrace possible Korea-US interest rate gap reversal: experts

New yorkUnited statesSoult ukpyolsiSouth koreaSeo jeong hunAneta markowskaRhee chang yongUs department of laborKorea development instituteHana bankNew york cityUs inflationRate hike25 basis pointInterest rate gap

WASHINGTON (Reuters) Federal Reserve Chair Jerome Powell said on Wednesday he was "inclined to propose and support a 25-basis-point rate hike" at t

United statesJerome powellPaul ashworthReserve chair jerome powellRepresentatives financial services committee25 basis point

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