Stocks retreat as Wall Street braces for 'higher for longer' rates: Stock market news today

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Stocks retreat as Wall Street braces for 'higher for longer' rates: Stock market news today
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US stocks were poised to continue their retreat on Thursday as investors worried over the Fed's hawkish stance.

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Tina Turner was a singer, songwriter and actress. Known as the "Queen of Rock 'n' Roll". -- Royal Bank of Canada pushed ahead with a round of job cuts in its capital markets operations, part of broader reductions announced in August that may climb above 1,000 positions and are aimed at helping the bank deal with a challenging economic environment.

Most Read from Bloomberg‘Dead Space’ Co-Creator Departs Startup After Newest Game FlopsPassalacqua in Italy’s Lake Como Is Named Best Hotel in the WorldEx-Goldman Bankers Make a Fortune With Controversial Bet on CoalVegas’ NewesOTTAWA — Canada's inflation rate has been rising for two consecutive months as underlying price pressures remain stubbornly high, a combination that makes the Bank of Canada's next interest rate decision more challenging.

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Stock market today: Wall Street slumps after Fed warns rates may stay higher through 2024Stock market today: Wall Street slumps after Fed warns rates may stay higher through 2024NEW YORK (AP) — U.S. stocks slumped after the Federal Reserve said it may not cut interest rates next year by as much as it earlier thought, regardless of how much Wall Street wants it. The S&P 500 fell 0.9% Wednesday.
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Asia Stocks Face Headwinds From Wall Street Slide: Markets WrapAsia Stocks Face Headwinds From Wall Street Slide: Markets WrapEquity markets in Asia are likely to face selling pressure as worsening risk sentiment drove US stocks to session lows after the Federal Reserve signaled interest rates will be higher for longer.
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