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Warsh Raises Rates
- Fed Chair Kevin Warsh raised the federal funds rate 25 basis points, the first hike in three years.
- S&P 500 fell 33.92 points to 7,551.81.
- Two-year Treasury yields rose to 4.74% and the 10-year note to 5.02%.
- Brent crude slipped 2.7% to $105.83 per barrel, while Nvidia rose 0.8% and AMD 1.6%.
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