Power Breakfast: US Market End Lower As Fed Officials Hints At Further Rate Hikes; Google Announces 'Bard' A.I. In Response To ChatGPT
Zee Business Video Team | Updated: February 9, 2023 04:21 PM IST
The Dow and NASDAQ slipped 200 points on Wednesday. The Fed's commentary had put pressure on the US market. The 10-year bond yield rose above 3.6%. Alphabet's stock fell 7.5%. Google launched AI chatbot Bard to compete with ChatGPT. Fed Governor Christopher Waller said, "The fight against inflation will go on for a long time. Interest rates can remain high for a long time." Fed President John Williams said, "One or two more rate hikes are possible."
