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A trader watches arsenic Federal Reserve Chair Jerome Powell speaks connected a surface connected the level of the New York Stock Exchange (NYSE), November 2, 2022.
Brendan McDermid | Reuters
What I americium looking astatine Thursday, Nov. 3, 2022
- The large RESET? Nope, not yet. Why did anyone deliberation Federal Reserve Chairman Jerome Powell would accidental helium was done hiking involvement rates? At Wednesday afternoon's decision of the Fed's November meeting, cardinal bankers approved a 4th consecutive 75-basis-point hike. Why did traders bargain the 2 p.m. ET announcement? VERY premature arsenic we saw the marketplace reverse sharply little into the close. U.S. stocks unfastened little Thursday morning. The 2-year Treasury output jumps to astir 4.74%, a precocious backmost to July 2007.
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