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Market Extra: 4 financial-market takeaways from Fed chief Jerome Powell’s debut

Stock-market investors didn’t panic, but they didn’t love what Jerome Powell had to say Tuesday in his public debut as chairman of the Federal Reserve.

Whether a faux pas or deliberate, Powell, in highlighting ways he personally thinks the economic outlook strengthened since the Fed’s last meeting in December, seemed to take market participants by surprise.

Recap:Fed Chairman Powell testifies before House panel

Here’s a look at some of the key market takeaways from Powell’s testimony before the House Financial Services Committee:

4 rate hikes more imaginable

Investors are still largely penciling in three rate increases in 2018, but Powell’s remarks saw them ratchet up the possibility that policy makers could move faster than their December forecast indicated.

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