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Dow Drops as Hawkish Fed Signals Spark September Rate Hike Fears

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

News Summary

  • Wall Street is divided over a potential September interest rate hike following hawkish comments from Fed Chair Kevin Warsh.
  • Persistent inflation data keeps rate hike probabilities elevated at 66.4%, creating downward pressure across major US stock indices, with the Dow Jones dropping 0.70%.
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