Ricky Gutierrez
@rickygutierrezz·1.2M subscribers·5.3K videos
(WARNING) HIGH INFLATION IS DROPPING THE MARKET...
Posted
October 11, 2023
Views
7,757
Likes
741
Comments
54
Engagement
10.25%
October 11, 2023
7,757
741
54
10.25%
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US stocks lost momentum on Wednesday, as investors assessed hotter-than-expected wholesale inflation data and looked to Federal Reserve minutes for a window into policymakers' thinking on interest rates.
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The Federal Reserve conducts the nation’s monetary policy to promote maximum employment, stable prices, and moderate long-term interest rates in the U.S. economy; promotes the stability of the financial system and seeks to minimize and contain systemic risks through active monitoring and engagement in the U.S. and abroad; promotes the safety and soundness of individual financial institutions and monitors their impact on the financial system as a whole; fosters payment and settlement system safety and efficiency through services to the banking industry and the U.S. government that facilitate U.S.-dollar transactions and payments; and promotes consumer protection and community development through consumer-focused supervision and examination, research and analysis of emerging consumer issues and trends, community economic development activities, and the administration of consumer laws and regulations.
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