US stocks tumbled Wednesday as traders anticipated a Federal Reserve rate hike, with policymakers projecting rising interest rates later this year. New Fed Chair Kevin Warsh emphasized taming inflation, shifting sentiment from expected rate cuts. This hawkish tilt led to significant market declines across major indices.
US stocks tumbled on Wednesday after the Federal Reserve held interest rates steady but indicated potential hikes later in the year. New Fed Chair Kevin Warsh's emphasis on taming inflation shifted market expectations from anticipated rate cuts to increases. This hawkish tilt…
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