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Dow falls and oil rises ahead of the Fed’s interest-rate decision
Traders are looking to Fed Chairman Kevin Warsh for guidance on whether rates will stay put or move higher.
Ahead of the Federal Reserve’s interest-rate decision, US markets moved sharply, with the Dow declining while oil prices rose, reflecting shifting expectations around the next policy step.
Wall Street Journal Markets said traders expect Fed Chairman Kevin Warsh to hold rates steady, but they also noted that a potential rate hike has not been ruled out.
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