Stocks rally after Powell doubles down on rate hikes In what was a see-saw session all three of the major U.S. stock averages posted gains after Federal Reserve Chairman said rate hikes will continue until 'the job is done' fighting inflation. Healthcare and financials paced the gains, while communication and consumer staples lagged. In commodities, oil rose 1.9% to $83.54 per barrel. More on this For more news, please go to FoxBusiness.com and watch Fox Business Network.

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