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Stock market today: Wall Street slumps after Fed warns rates may stay higher through 2024

By STAN CHOE, AP Business Writer
Published: September 20, 2023, 1:20pm

NEW YORK (AP) — U.S. stocks slumped Wednesday after the Federal Reserve said it may not cut interest rates next year by as much as it earlier thought, regardless of how much Wall Street wants it.

The S&P 500 fell 41.75, or 0.9%, to 4,402.20. The Dow Jones Industrial Average lost 76.85,

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