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Saturday, November 16, 2024

Fed’s Jackson Hole Meeting: Stocks Plunge After Powell Warns Inflation Requires ‘Restrictive’ Policy For ‘Some Time’

Stocks took a hit Friday after Federal Reserve Chair Jerome Powell doubled down on the central bank’s commitment to ease decades-high inflation with ongoing interest rate hikes over the next several months in his highly awaited Jackson Hole speech, keeping in line with investor expectations but …

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