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Stocks Sink on Promise of Rate Hikes

Stocks Sink on Promise of Rate Hikes

Powell States Interest Rate Hikes to Continue In under 10 minutes, Federal Reserve Chairman Powell crushed the recent stock market rally. He spoke briefly at the Jackson Hole Economic Symposium. Powell addressed the inflation that is still running at a 40-year high. He said the central bank is willing to take “forceful and rapid” steps … Read more