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International Business Times
International Business Times
Business

The Fed Did What Investors Anticipated. Stocks Plunged Anyway And Nasdaq Entered Correction Territory

the Federal Reserve Donald Trump Kevin Warsh United States
Stocks plummeted on Wednesday after the Federal Reserve left rates unchanged.

Stocks plummeted on Wednesday even though the Federal Reserve left rates unchanged as investors expected.

CNBC detailed that the bond market signaled that the central bank could be falling behind in the fight against inflation, with chair Kevin Warsh's remarks failing to convince.

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