HomeTwitterU.S. stocks plunged on Thursday with the S&P 500 down 3.5% and the Nasdaq 100 seeing its worst drop since Sept. 2020

U.S. stocks plunged on Thursday with the S&P 500 down 3.5% and the Nasdaq 100 seeing its worst drop since Sept. 2020

U.S. stocks plunged on Thursday with the S&P 500 down 3.5% and the Nasdaq 100 seeing its worst drop since Sept. 2020 https://t.co/4BlAxE2cXc pic.twitter.com/Xs0lSqsS9b

— Bloomberg TV (@BloombergTV) May 5, 2022

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Federal Reserve officials agreed last month that interest rates may need to keep rising for longer to prevent higher inflation from becoming entrenched.

“The consumer has actually evolved quite a bit in a really, really interesting way,”

The Fed has hiked interest rates to combat inflation.

Two-year Treasury yields, which are sensitive to Fed policy, remained higher after the release of Fed minutes.

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