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deangela s in new york. good evening to you. we saw incredible volatility over the last couple of days i would say, bret. essentially fueled why uncertainty rising interest rates and inflation. deep sell off on the dow today canceling out yesterdayed s sharp gain. the u.s. federal reserve had the ability to cool inflation by raising interest rates. when borrowing costs go up for consumers and corporations, demand falls, and, thus, prices fall, too. the critical issue is how much to raise and how fast. the fed doesn t want rising rates to hurt too much and it doesn t want inflation to hurt too much. the delicate balance. when fed chair jerome powell raised rates a half a point yesterday, the stock market cheered thinking easier lending will continue. powell could have moved three quarters of a point and he at any time. but then today s drop reflected realization today s inflation will likely persist. i think you are going to see a consumer in great need over the next six m
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