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The oil shock and elevated inflation were top worries for investors in the bond market Wednesday, as Federal Reserve Chair Jerome Powell concluded his final press conference at the helm of the U.S. central bank.
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Americans are paying the highest prices for gasoline in nearly four years, leading to frustration at the pump and to worries about higher inflation and a weaker economy.
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Iran war is fueling inflation and slowing growth around the world, according to a new report.
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