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S7/10Economic
US stocks: Nasdaq, S&P fall over 1% as Fed holds rates; traders raise hike bets
US stocks tumbled Wednesday as traders anticipated a Federal Reserve rate hike, with policymakers projecting rising interest rates later this year.
New Fed Chair Kevin Warsh emphasized taming inflation, shifting sentiment from expected rate cuts. This hawkish tilt led to significant market declines across major indices.
Source: Economic TimesOriginal source
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