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The bond market prepares for a hike to interest rates, while US stocks drift lower

The bond market prepares for a hike to interest rates, while US stocks drift lower
Photo: Odessa American (oaoa.com) · view original

By STAN CHOE AP Business Writer NEW YORK The bond market swung Friday as investors built bets that the Federal Reserve may hike interest rates soon to get the nation’s high inflation under control. U.S. stocks, meanwhile, dipped but not by much after economists said a speech by Chairman Kevin War...

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