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Federal Reserve policymakers maintained near-zero interest rates but signaled a hike will come in 2023, with some members even leading to a move as soon as 2022.
As for inflation, it is “transitory” despite consumer and producer prices which surged in May prompting inflation fears.
HOMEBUILDING BOUNCES BACK AS LUMBER PRICES COOL
Ticker | Security | Last | Change | Change % |
---|---|---|---|---|
I:DJI | DOW JONES AVERAGES | 34054.32 | -245.01 | -0.71% |
SP500 | S&P 500 | 4225.91 | -20.68 | -0.49% |
I:COMP | NASDAQ COMPOSITE INDEX | 14047.529196 | -25.33 | -0.18% |
U.S. stocks fell as Chairman Jerome Powell took Q&A.
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