That should decrease economic activity, make businesses rethink spending money and make consumer. Investors expect the fed to raise rate by three quarters of a percentage point in its effort to tame. But one market expert said investors need to be patient.
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Stock market data coverage from cnn. Us stocks dropped thursday, continuing a recent patch of volatility, as wall street grappled with persistent nerves about artificial intelligence and economic data showed the labor. After hours stock quotes coverage from cnn.
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Get the latest news on the most important investing stories of the day as they happen. With today’s historic rate hike, the fed hopes to make borrowing more expensive. Us stocks closed sharply lower friday after president donald trump threatened to hike tariffs on imports from china, reigniting fears of a trade war that rocked global markets earlier this year. Us stock futures rose ahead of a consequential decision by the federal reserve.
The market is cheering the fact that the rate of consumer price increases edged lower in july.
