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    Omanyano ovanhu koikundaneki yomalungula kashili paveta, Commisiner Sakaria takunghilile Veronika Haulenga

World

U.S stocks hedged higher on Friday following comments from Federal Reserve Chair Jerome Powell

todayDecember 4, 2023 17

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U.S stocks hedged higher on Friday following comments from Federal Reserve Chair Jerome Powell indicating the bank could be making some progress in lowering inflation.But he warned it’s too early to tell if the bank is done raising interest rates. Meanwhile, it wasn’t a good Friday for social media platform X, formerly Twitter, as another major retailer pulled its advertising. Jody Jacobs reports from New York.

 


The Dow was up almost 1%, the S&P up .5% and the Nasdaq .44 per cent higher

Written by: Leonard Witbeen

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