US stocks drop as Walmart profit warning spooks investors | Economic Times - Jobs World

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Tuesday, July 26, 2022

US stocks drop as Walmart profit warning spooks investors | Economic Times

US stocks drop as Walmart profit warning spooks investors https://ift.tt/g2Zpj83 Federal Reserve started a two-day meeting, and on Wednesday it is expected to announce a 0.75 percentage point interest rate hike to fight inflation. Investors have worried that aggressive interest rate hikes by the Fed could tip the economy into recession.

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