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As Fed keeps hiking rates, stocks probably set up for ‘correction,’ says SoFi’s Liz Young

Por: MarketWatch Business March 23, 2023

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The Fed announced Wednesday that it decided to raise its benchmark rate by a quarter of a percentage point, as the “U.S. banking system is sound and resilient” while the central bank “.” The Fed has rapidly hiked rates over the past year to a target range that’s now at 4.75% to 5%, from near zero last March.  “It’s obvious that rate hikes have taken us into a little bit more of a dire situation,” said Young. “We’ve seen now... + full article



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