Week InReview: August 19, 2022

Hard-to-read rate hike signals from Fed.

Stocks look set for a steady open as investors digest mixed policy from Federal Reserve officials amid a debate on whether they will tilt to less aggressive interest-rate hikes. Futures rose for Japan and Australia and were little changed for Hong Kong, after US shares closed up on thinner than usual volumes. Shorter maturities led a climb in Treasuries that left the two-year yield at about 3.20%. A dollar gauge hit the highest in more than three weeks.

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