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Dow Plunges 1,000 Points on Powell Warning!

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Jerome Powell delivered a stern commitment to halting inflation, warning that he expects to continue raising interest rates.

This sent the Dow and other major indices lower as a 0.75-point increase is likely in the next FOMC meeting.

The remarks come amid signs that inflation may have peaked but is not showing any signs of decline.

So what next for the Fed as we get into the back end of Q3?

DOW 01:50
SPX 03:10

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