Global stocks rebound despite Fed's hint that it will raise rates to tamp down inflation

Fed chairman Jerome Powell says: 'If we have to raise interest rates more over time, we will'

Federal Reserve chairman Jerome Powell has hinted the US central bank will raise interest rates this year to control inflation.

US stocks rebounded from a five-day slide after Jerome Powell reassured investors the Federal Reserve will tamp down inflation as the American economy continues to recover.

The S&P-500 pushed higher, while the Nasdaq-100 outperformed major benchmarks and bonds fluctuated.