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    HomeNewsBusinessMarketsWall Street retreats as rate hike concerns persist

    Wall Street retreats as rate hike concerns persist

    Fed Chair Jerome Powell said on Friday the U.S. economy would need tight monetary policy "for some time" before inflation is under control, dashing hopes the Fed might pivot to more subdued rate hikes after recent data suggested price pressures were peaking.

    Reuters
    September 02, 2022 / 10:50 IST
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