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Dow rises over 250 points as Treasury yields fall on hopes of end to Fed rate hikes

Por: MarketWatch Business October 10, 2023

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What’s driving markets Tuesday’s leg higher in stocks came as anxiety over violence in the Middle East was counteracted by comments from Federal Reserve officials suggesting a recent tightening of credit conditions reduced the need for another interest rate hike by the central bank. On Tuesday morning, Raphael Bostic, president of the Atlanta Fed, added to the view, saying he doesn’t think any more rate increases are . Bostic, speaking at... + full article



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