US STOCKS SLIDE AFTER FED SIGNALS INTEREST RATES WILL RISE ‘SOON’

An early market rally on Wall Street gave way to a broad slide for stocks and a surge in bond yields after the Federal Reserve signalled it plans to begin raising interest rates “soon” to fight a spike in inflation that the central bank says is probably getting worse. © Brendan Smialowski Federal chairman Jerome Powell (Brendan Smialowski/Pool via AP) The S&P 500 fell 0.1% after hav...

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