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Midday Report: U.S. Stocks Back Off Records on Higher September Rate Hike Chances

May 31, 2023
in Trade Tube
Reading Time: 1 min read
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Stocks backed off records as stronger-than-expected economic data and hawkish commentary from the Federal Reserve’s William Dudley increased the chances of a near-term rate hike. July housing starts and industrial production topped estimates earlier in the day.

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