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Tag: interest rates

Powell: Rate hikes may slow, but inflation fight is not over

WASHINGTON (AP) — Federal Reserve Chair Jerome Powell sought to strike a delicate balance at a moment when high inflation is bedeviling the nation’s economy

The Dow rallies to its best day since 2020 after the Fed rules out larger rate hikes

NEW YORK –Stocks rallied on Wednesday after the Federal Reserve raised interest rates by half a percentage point, but ruled out lifting them by larger