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Market Impact: 0.55
Dow holds weekly gain as Warsh inflation warning lifts rate hike bets
Source: invezz.com
InflationMonetary PolicyInterest Rates & YieldsMarket Technicals & Flows
US stocks closed lower as Fed Chair Kevin Warsh said recent inflation data hasn’t improved enough to change the underlying trend, boosting odds of a September rate hike. The hawkish tone likely pushed investors to reprice near-term interest-rate expectations, weighing on equity sentiment into the close.
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mildly negative
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