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Equities Decline as Hawkish Fed Halts Global Rally: Markets Wrap
US equities and European stocks declined after the Federal Reserve rebuffed expectations for a dovish tilt and said interest rates will go higher for longer. The European Central Bank’s signals on consumer-price pressures deepened the selloff. Contracts on the S&P 500 and Nasdaq 100 gauges fell at least 1.2% each. Demand for haven assets sent the dollar and Swiss franc higher amid a wave of rate hikes from Taiwan to Norway. The euro trimmed losses as the ECB saw 2024 inflation higher than previs...
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Posted: Dec 15 2022, 13:37
Author Name: vladimirribakov
Views: 1108100