US STOCKS-Wall St deep in bear market as S&P 500 hits new two-year low
Yahoo! Finance
The benchmark S&P 500 erased gains of up to 1.7% by early afternoon trading to hit lows last seen in late November 2020, leaving investors worrying about how much further stocks would have to fall before stabilizing. Analysts at Wells Fargo now see the U.S. central bank taking its target range for the Fed funds rate to 4.75%-5.00% by the first quarter of 2023. "It's just a continuation of Jerome Powell's digging in and trying to really let markets, investors and the world know that we are goin...
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