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[Markets] Federal Reserve Expects Key Rate To Peak At 4.6%; Dow Jones Falls As Treasury Yields Spike The Federal Reserve hiked its key interest rate 75 basis points on Wednesday and signaled much more to come. The Dow Jones industrial average reversed lower after release of the Fed meeting policy statement and projections at 2 p.m. ET. Federal Reserve chief Jerome Powell will elaborate on the outlook for interest rates and the U.S. economy at his 2:30 p.m. news conference. Published:9/21/2022 1:42:57 PM
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