Federal Reserve Chairman Jerome Powell confirmed Wednesday that smaller interest rate increases are likely ahead.

MORNING SQUAWK EMEA Thursday December 01 2022 AS OF THU, DEC 01, 2022 • 03:00 ET S&P 500 Close 4,080.11 +3.09% +122.48 S&P 500 Futures 4,086.75 +0.13% +5.50 Nikkei 255 28,226.08 +0.92% +257.09 Fed Chair Powell says smaller interest rate hikes could start in December Federal Reserve Chairman Jerome Powell confirmed Wednesday that smaller interest rate increases are likely ahead.   More » S&P 500 ends 3-day losing streak. Dow jumps 700 points after Powell signals smaller rate hikes Investors responded to what were interpreted as more dovish comments from the Fed chair. More » European Central Bank says bitcoin is on the 'road to irrelevance' The remarks are timely, with the crypto industry reeling from one of its most catastrophic failures in recent history: the downfall of FTX. More » Zelenskyy says Ukraine prepares 'powerful countermeasure'; EU seeks special court to investigate Russia war crimes  Ukraine's President Volodymyr Zelenskyy described the situation at the front as difficult, with intense fighting in the east, northeast and south of Ukraine. More » These are the best-performing stocks over the last 10 Decembers, and analysts love them December is typically a strong month for stocks, and there are several good opportunities in the index for investors looking to get ahead. More » TODAY'S GUEST HIGHLIGHTS ON CNBC All times in SIN/HK 07:30 Julianna + Han Fennema   CEO Gasunie NL Energy 08:00 Altaf Kassam                     Head of Investment Strategy and Research State Street Global Advisors  Strategy 09:00 Kevin Zhao Head of Global Sovereign and Currency      UBS Asset Management Outlook  Unsubscribe Digital Products Manage Newsletters Feedback Terms of Service Privacy Policy Join the CNBC Panel © 2022 CNBC LLC. All rights reserved. A property of NBCUniversal.   900 Sylvan Avenue, Englewood Cliffs, NJ 07632   Data is a real-time snapshot *Data is delayed at least 15 minutes. Global Business and Financial News, Stock Quotes and Market Data and Analysis.   Data also provided by THOMSON REUTERS