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The Fed is responding—quickly—to mounting pressure points
After a rocky start, U.S. stocks clawed back most of their losses heading into Friday. And while the “growthy” stuff such as technology led the declines, it also led Thursday’s rally. Meanwhile, the ongoing war in Ukraine and subsequent global policy response continued to fuel oil price swings. WTI crude fell back below $100/barrel after a host of countries decided to release reserves from emergency stockpiles. The U.S. dollar also climbed to the strongest it’s been in two years against a basket of other major currencies. The big news of the week, though, came from the Federal Reserve. The central bank’s ... (full story)