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Stocks leap higher on Wall Street, led by beaten down banks

Por: ABC7 World March 14, 2023

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A week ago, Wall Street was expecting Tuesday's report on inflation to be the most important data of the week, if not month. The worry at the time was that inflation is staying stubbornly high, which could force the Federal Reserve to pick up the pace again on its hikes to interest rates.Such hikes can drive down inflation by slowing the economy, but they raise the risk of a recession later on. They also hurt prices for stocks, bonds and... + full article



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