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Fed unleashes another big rate hike but hints at a pullback

The Federal Reserve pumped up its benchmark interest rate Wednesday by three-quarters of a point for a fourth straight time but hinted that it could soon reduce the size of its rate hikes.

 
Stocks suffer worst day in 2 years; Dow down 1,250

The stock market fell the most since June 2020 following Wall Street’s humbling realization that inflation is not slowing as much as hoped.

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How Joe Biden is impacting Social Security

President Joe Biden inherited an underfunded, overextended Social Security program that was already crowded with aging baby boomers as dwindling funds dried up before the pandemic stressed the system even further.