Economics
Powell to Keep Hiking as U.S. Growth Trumps Turkish Turmoil
- Limited fallout, strong economy to allow Fed to press ahead
- Fed rate hikes in September and December still seen as likely
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Don’t count on a Powell Pause.
That’s the message seasoned watchers of the Federal Reserve have for any investors hoping that turmoil in Turkey and the wider emerging-market selloff would stay the hand of Chairman Jerome Powell from raising interest rates.