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Wall Street Falls as Oil Spike and Fed Uncertainty Weigh on Investors
🇲🇾 Malaysia · Economy · 13 h ago
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26.10 01:30 UTC
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Wall Street Falls as Oil Spike and Fed Uncertainty Weigh on Investors
Oil Spike Higher energy prices raised fears of renewed inflationary pressures, while the benchmark 10-year US Treasury yield climbed towards the five per cent level.
American Express was among notable decliners, dropping 3.7 per cent after announcing workforce reduction plans.
Market attention is now firmly focused on the Federal Reserve’s interest rate decision scheduled for next week.
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