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Live updates: Stocks slide in volatile trading session after Fed rate hike

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Live updates: Stocks slide in volatile trading session after Fed rate hike | Business and Finance News

The Fed is expected to announce a three-quarters of a percentage point rate hike for the fourth consecutive time Wednesday afternoon. But investors hope Fed chair Jerome Powell will suggest that he central bank will soon “pivot” and slow its pace of rate hikes. Those dreams may be dashed. “I’m not convinced that Powell is backing down,”…

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