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Stocks plunge after rate hike, Powell comments

U.S. stocks tumbled in volatile trading Wednesday afternoon as the Federal Reserve dealt another outsized interest rate hike in its fight against stubborn inflation.The U.S. central bank lifted its benchmark policy rate by 0.75% for a third consecutive time, bringing the federal funds rate to a new range of 3.0% to 3.25% — its highest level…
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Ukraine war live: EU accuses Putin of ‘dangerous gamble’ after his nuclear threat and

Putin making a 'very dangerous nuclear gamble', says EUVladimir Putin is making a “very dangerous nuclear gamble” and must “stop such reckless behaviour”, an EU executive has warned.European Commission spokesperson Peter Stano added that the “sham, illegal referenda” planned in Luhansk, Donetsk, Kherson and Zaporizhzhia this weekend would not be…
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