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Stocks Spooked by Fed’s Tough Talk on Inflation, Investors Still Hopeful for a “Soft Landing”

Markets digested a more hawkish message from Federal Reserve Chair Jerome Powell at the Fed’s annual Jackson Hole, Wyoming, symposium on Friday and didn’t like what they tasted. Stocks and bonds sold off in anticipation that interest rates would remain higher for longer in order to cool inflation. The S&P 500, which is tracked by …

Stocks Spooked by Fed’s Tough Talk on Inflation, Investors Still Hopeful for a “Soft Landing” Read More »

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