Here's where we stand after this week's big back-to-back market declines

The stock market is having another nasty down session Tuesday on concerns the Federal Reserve might increase interest rates for a longer period of time to a higher level and whether that would tip the economy into a recession. The central bank, according to The Wall Street Journal , is considering hiking rates above 5% next year to fight inflation — particularly elevated wage inflation as seen in the government's November employment report last week.

Traders work on the floor of the New York Stock Exchange during morning trading on December 06, 2022 in New York City. The Dow Jones opened low this morning continuing its downward trend dipping more than 400 points as the stock market closed on Monday.The stock market is having another nasty down session Tuesday on concerns the Federal Reserve might increase interest rates for a longer period of time to a higher level and whether that would tip the economy into a recession.

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