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- US stocks opened lower on Wednesday, with investors processing comments from Jerome Powell.
- The Federal Reserve chair said Tuesday that benchmark rates will likely increase.
- On Wednesday, New York Fed President John Williams further echoed Powell's remarks.
US stocks ticked down at the open on Wednesday, with investors reflecting worry over higher benchmark interest rates.
A day earlier, Federal Reserve Chair Jerome Powell cautioned that the strong jobs report from Friday could mean more rate hikes in the future beyond what the market has priced in. Still, he also reiterated that disinflation has already started.