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U.S. stocks sink as Fed signals it will remain aggressive

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U.S. stocks sink as Fed signals it will remain aggressive
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Stocks fell broadly on Wall Street following the latest signal from the Federal Reserve that interest rates will need to go higher than previously expected in order to tame inflation

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Technology and communication services stocks led the market’s sell-off. Microsoft fell 3.5% and Google parent Alphabet was down 5.1%.

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