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Jan 18, 2024
US equities broadly pull back as rate cut bets wither, S&P 500 sheds over half a percent
US stocks saw broad-base declines on Wednesday after investors were forced to adjust their bets on rate cuts from the Federal Reserve (Fed) after US Retail Sales rose more than expected, implying the US domestic economy remains too strong for the US central bank to begin cutting their main reference rate as soon as investors are hoping for.
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