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The Independent UK
The Independent UK
National
Elaine Kurtenbach

Stock market today: Asian shares track Wall Street's slump after Fed says rates may stay high in '24

US Federal Reserve Wall Street the Federal Reserve Jerome Powell Interest Rates United States Fonterra
Copyright 2023 The Associated Press. All rights reserved.

Asian shares are lower, tracking a slump on Wall Street after the Federal Reserve said it may not cut interest rates next year by as much as it earlier thought.

Most regional markets fell more than 1%. U.S. futures and oil prices also declined.

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