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The Fed Finally Pushed the Stock Market Over the Edge
The stock market tumbled this past week as investors finally decided it was time to prepare for the worst-case scenario—a Federal Reserve-induced recession.
The S&P 500 index dove 2.8%, while the Dow Jones Industrial Average dropped 1.9% and the Nasdaq Composite lost 3.8%.
On first glance, the news flow didn’t seem bad enough to warrant such…