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Dow books 3-day losing streak after Fed’s Powell delivers slightly ‘hawkish’ update on monetary policy

·6 min read
Dow books 3-day losing streak after Fed’s Powell delivers slightly ‘hawkish’ update on monetary policy
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U.S. stock indexes close lower Wednesday, as Wall Street reacted to Federal Reserve Chair Powell's optimistic tone on the U.S. economic recovery and a slightly "hawkish" policy update that raised inflation forecasts and brought forward the timing of an interest rate rise.