Wednesday, November 2, 2022

Stocks slip ahead of Fed’s expected rate hike

  • Stocks slip ahead of Fed's expected rate hike

    U.S. stocks drifted lower ahead of a likely 75 basis point rate hike due at 2pm ET, followed by Federal Reserve Chairman Powell's press conference where he is expected to lay the groundwork for future action. In commodities, oil hovered at the $88 per barrel level.

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