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Published 1 year ago

Wall Street holds steady ahead of Fed decision on rates

Summary by Ground News
The Dow Jones Industrial Average was virtually flat at 32,561 points. The Nasdaq composite was also basically unchanged. Markets are waiting for the Fed, which is stuck with a difficult decision. Higher rates can undercut inflation by slowing the economy. But they raise the risk of a recession later on.

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  • 49% of the sources lean Left
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