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Wall Avenue ends down for third day as development considerations weigh on tech

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Main Wall Avenue indexes ended decrease on Thursday, falling for a 3rd straight session as traders reacted to the Federal Reserve’s newest aggressive transfer to rein in inflation by promoting development shares, together with know-how firms.

The Fed lifted charges by an anticipated 75 foundation factors on Wednesday and signaled an extended trajectory for coverage charges than markets had priced in, fueling fears of additional volatility in inventory and bond buying and selling in a yr that has already seen bear markets in each asset courses.

The U.S. central financial institution’s projections for financial development launched on Wednesday have been additionally eye-catching, with development of simply 0.2 p.c this yr, rising to 1.2 p.c for 2023.

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Carry on studying: Wall Avenue ends down for third day as development considerations weigh on tech

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