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Axios
Axios
Business

Powell's talons not as sharp as feared

Powell US Federal Reserve
Data: FactSet; Chart: Axios Visuals

The Fed delivered the biggest rate hike in over two decades, and the stock market seemed to love it.

Why it matters: The rally, after a dreadful month, suggests many had thought the Fed would threaten even harsher rate hikes in the future, to tamp down sizzling inflation.

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