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The Dow fell more than 260 points after showing that the federal government expected two rate hikes by late 2023.

Stocks ended in a loss after the Federal Reserve Board of Governors showed on Wednesday that policymakers would expect to rise faster than previously expected by writing two rises in pencil by the end of 2023, The session was off the lows.
DJIA,
-0.77%

According to tentative figures, the session ended at near 34,035, down about 264 points (0.8%) after falling more than 300 points at the lows of the session following the Fed’s policy statement. S & P 500
SPX,
-0.54%

The Nasdaq Composite fell about 23 points, down 0.5%, ending near 4,224.
COMP,
-0.24%

It fell by about 33 points (0.2%) and closed near 14,040.

The Dow fell more than 260 points after showing that the federal government expected two rate hikes by late 2023.

Source link The Dow fell more than 260 points after showing that the federal government expected two rate hikes by late 2023.

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