Wall Street Week: Fed’s rates push continues but investors see tone turning dovish; Nike just doesn’t do it in China, GameStop surges
The past week handed investors the answer to the question that has dominated market talk for days, with the US Fed pushing ahead with its campaign of rate rises. Fed Chairman Jerome Powell increased rates by a quarter of a percentage point on 22 March, resisting the urge to pause hikes in the face of banking sector turmoil.The central bank's rate rise took the federal funds rate range to 4.75% to