Asian shares stutter, dollar buoyant as data supports hawkish Powell

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Reuters UK

By Stella Qiu SYDNEY (Reuters) – Asian shares wobbled while the dollar was perched near a three-month top on Thursday after a spate of economic data overnight appeared to support Federal Reserve Chairman Jerome Powell’s hawkish guidance on further interest rate increases. In his second day on Capitol Hill, Powell stuck to his message of higher and potentially faster interest rate hikes, but emphasized that debate was still underway with a decision hinging on data to be issued before the U.S. central bank’s policy meeting in two weeks. With riskier assets still reeling from the heavy sell-off a…

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