Welcome to the latest edition of top stock market highlights. US Federal Reserve The latest observation from the chairman of the US Federal Reserve has made investors worried. Jerome Powell had just this week cautioned that interest rates are likely to move higher than what the central bank policymakers had originally projected. He cited recent data on inflation which showed that the prices of goods and services had shot up 6.4% in January, more than the 6.2% that economists had anticipated. Powell’s remarks also had two implications – that interest rates would rise faster than expected, and that the terminal interest rate (i.e. the peak level at which the central bank will no longer raise rates) may also be higher than previously indicated. Back in December last year, consensus had expected the terminal rate to hit 5.1% but after Powell’s remarks, this expectation had now shifted to a range of 5.5% to 5.75%....