*DOLLAR CLIMBS TO 3-MONTH HIGH AFTER HAWKISH POWELL ADDS TO RATE FEARS
went in front of the Senate Banking Committee on Tuesday, and said that recent U.S. inflation and jobs data had been stronger than expected, and thus interest rates would likely have to increase by more than had seemed likely previously.climbing past 5% for the first time since 2007, and a further inverting of the yield curve.
Powell returns to Capitol Hill later Wednesday, this time testifying to the House Financial Services Committee.
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