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A divided Fed holds interest rates steady despite stubborn inflation The Washington PostAnalysis: Fed Chairman Warsh's credibility in question after leaving interest rates unchanged CNBCTranscript: Fed holds rates as inflation fears grow Financial Times
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Microsoft Profit Jumps 31% as Azure Cloud Sales Surpass $100 Billion wsj.comMicrosoft jumps 8% as it boosts capital spending plans, citing demand CNBCMicrosoft Increases Spending on A.I. as Profit Jumps 31% nytimes.comMicrosoft's Cloud Accelerates to Fastest Growth Since 2022 Bloomberg.comM
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Anthony Fauci refuses to answer questions during tense US Senate hearing about Covid origins BBCWhy Anthony Fauci might not be safe after pleading the Fifth CNNFauci repeatedly invokes the Fifth Amendment in a contentious Senate committee hearing AP NewsFauci's Pardon From Biden Would Not Shield Him From New Offenses The New York TimesRand Paul threatens to hold Fauci in contempt after he declines to answer questions The Washington Post
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Stock Market Today: Dow ends 1,150 points lower, S&P 500 and Nasdaq plunge after Fed's Warsh keep rates unchanged; oil higher as Iran conflict intensifies MarketWatchDow drops 1,100 points for worst day since April 2025 on fear the Fed is falling behind on inflation: Live updates CNBCDow Posts Its Worst Day Of The Year After Federal Reserve Maintains Interest Rates ForbesStock Market News, July 29, 2026: Stocks Slide as Investors Worry About Fed's Next Steps wsj.com
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Decline could erode ability to supply Asian and European markets dependent on supplies from the Middle East
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Market pricing took virtually any chance of a cut off the table between now and the end of 2027.
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