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Wall Avenue shares carry on to decline on fears of one more price hike

August 29, 2022

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US equities continue to fall for second consecutive session considering the fact that Jerome Powell comments on interest level hike

US equities closed reduce on Monday amid fears the central lender will proceed to increase curiosity rates once again.

Jerome Powell, chairman of the Federal Reserve Board of Governors, mentioned the price hike would keep on as aspect of initiatives to handle cost inflation.

The Dow Jones and Normal & Poor’s 500 indices shut buying and selling on Monday at reduced stages than the past session.

The US inflation price hit its greatest amounts in virtually 40 several years, although the US financial system contracted for the second consecutive quarter in 2022.

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