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Wall Street opened mixed today, as the Fed signaled that it may raise the benchmark interest rates in late 2023, earlier than its previous forecast of 2024. The Dow Jones Industrial Average and the S&P 500 witnessed a dip on the news. However, the Nasdaq Composite rose marginally since the central bank is yet to provide any time line for tapering as opposed to many financial experts’ view of an immediate tapering of $120 billion per month bond purchase.
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