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How major US stock indexes fared Wednesday, 9/20/2023

Por: ABC News Business September 20, 2023

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U.S. stocks slumped after the Federal Reserve said it may not cut interest rates next year by as much as it earlier thought, regardless of how much Wall Street wants it. While leaving the Fed’s main interest rate steady Wednesday, officials at the central bank also suggested they may cut rates next year by only half a percentage point. High rates tend to hit high-growth stocks particularly hard, and Big Tech companies were among the market’s... + full article



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