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How major US stock indexes fared Wednesday 9/21/2022

Por: ABC News Business September 21, 2022

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Wall Street closed sharply lower after the Federal Reserve stepped up its fight against inflation by raising interest rates. The S&P 500 lost 1.7% Wednesday, as did the Dow Jones Industrial Average. The Fed’s fifth rate hike of the year came in as expected, three-quarters of a percentage point, but the central bank also raised its forecasts for how high interest rates will ultimately have to go. The Fed is raising rates to fight the worst... + full article



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