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Dow slides 500 points in wild trading after Fed hikes rates again

Por: New York Post Business November 02, 2022

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Stocks ended sharply lower on Wednesday, as comments from Fed Chair Jerome Powell shattered initial optimism over a Fed policy statement that but signaled that smaller rate hikes may be on the horizon. In a volatile trading session, equities initially moved higher in the wake of the hike by the Fed, the fourth straight increase from the central bank of that magnitude as it attempts to bring down stubbornly high inflation. The Dow Jones... + full article



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