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Stocks Decline for 2nd Straight Week Amid Recession Fears

FS Insight Team

Good evening,

Stocks continue to sink, dragging markets further down for a second consecutive weekly loss. The S&P 500 closed Friday down 19.68% on the year, despite a CPI print Tuesday showing that inflation is cooling. Core CPI, which excluded the more volatile food and energy components, rose +0.2% month-over-month, the smallest advance in 15 months (August 2021) and below the consensus of +0.3%. 

But Wednesday, after the Federal Reserve raised its key interest rate for the seventh time th...

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