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Fed Chair Hints at Rate Hikes as Sticky Inflation Threatens Stock Rally

Yahoo Finance Read original source (opens in a new tab)
The Story

News Summary

  • Fed Chair Kevin Warsh signaled potential interest rate hikes at Jackson Hole as US inflation remains elevated.
  • Rising borrowing costs and persistent inflation pressures threaten to halt Wall Street's AI-driven bull market, negatively impacting major US stock indices.
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US100 price history

29368.44 +18.07% over the displayed period

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