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Stock Market Today: Nasdaq Slips Again After Hints Of More Interest Rate Hikes

U.S. stocks slipped for the third consecutive day after Fed chairman Jerome Powell indicated more interest rate hikes were likely.

Some Investors Fear Fed Will Tighten Rates Too Far As Inflation Bites

Munis sell off hard, short yields top 2%

The short end was hammered in the secondary with large blocks of high-grades showing big swings to higher yields while the rest of the curve wasn't spared the damage and triple-A yields rose by seven to 16 basis points.

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