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U.S. Stocks Fall Following Rate Hikes

U.S. Stocks Fall Following Rate Hikes

December 19, 2022
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In the U.S., the S&P 500 index ended 2.1% lower as markets digested the news from the latest Federal Reserve meeting. The Fed delivered a 50bp (0.50%) rate hike for December and raised its projection for the peak Fed funds rate by 50bp to 5.00-5.25%.

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