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Other economic signs point to a recession and higher interest rates

The Federal Reserve’s heavily telegraphed decision to ease its pace of monetary policy tightening next week risks sending a message to markets that the central bank is on track to bring inflation under control and steer the economy toward a soft landing. Investors would do well to reevaluate. Regardless of the Fed’s pace of monetary …

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Stellantis idles Jeep factory, lays off workers to cut EV costs

2016 Jeep Cherokee Sport Source: Jeep DETROIT – Stellar said Friday it plans to idle a Jeep plant in Illinois indefinitely, starting early next year, to cut costs by investing in electric vehicles. The transatlantic automaker, formerly known as Fiat Chrysler, said the plant would cease production from February 1. 28. The more than 1,200 …

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The S&P 500 ends a three-day losing streak. Dow jumps 700 points after Powell signals lower rate hikes

Stocks posted large gains on Wednesday after Federal Reserve Chairman Jerome Powell confirmed that the central bank would slow the pace of its aggressive rate hike campaign that has weighed on markets. The Dow Jones Industrial Average closed up 737.24 points, or 2.18%, at 34,589.77. Meanwhile, the tech-heavy Nasdaq Composite jumped 4.41% to 11,468.00. The …

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