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Wall Street closes down sharply after Fed holds rates unchanged ReutersDow drops 1,100 points for worst day since April 2025 on fear the Fed is falling behind on inflation: Live updates CNBCU.S. Stocks Slide After Fed Pause, Escalation in Iran War WSJStock market today: Dow plunges by 1,100 points, S&P 500 and Nasdaq sink as yields rise on Fed's hawkish hold Yahoo Finance
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Fed holds interest rates steady after cliffhanger meeting, but three officials dissent CNNDivided Fed holds interest rates steady, but three members voted to hike CNBCWarsh Spins a Good Yarn on Bringing Down Inflation, But Markets Aren't Buying It Barron'sWall Street is panicking over Kevin Warsh's patience Fortune4 Takeaways From the Federal Re
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The surge in Treasury yields suggests investors doubt that the Federal Reserve can keep inflation contained.
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Gundlach said the divergent moves across the Treasury curve showed investors' skepticism that the Fed will ultimately follow through.
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The U.S. economy churned out another robust rate of growth in the second quarter even as the Iran war boosted inflation, but that might not be so readily apparent in the latest report on gross domestic product.
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Fed officials held interest rates steady, but they have splintered over how to fight inflation.
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Energy costs in the region surged by an annual rate of 10.9% in May.
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