Dow rises 183 points as Powell says Fed will use rate hikes to combat inflation

Jan. 11 (UPI) — U.S. markets climbed Tuesday as Federal Reserve Chairman Jerome Powell stated the imperative bank would not hesitate to raise rates of interest to combat inflation.

The Dow Jones Industrial Average gained 183.15 points, or 0.51%, at the same time as the S&P 500 rose 0.92% and the Nasdaq Composite closed the day up 1.41%.


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