*DOW FUTURES FALL 365 PTS AS RECESSION CONCERNS MOUNT
would soon either pause interest rate hikes or pivot to rate cuts, but instead, the central bank signaled more rate increases to some, with its benchmark rate likely climbing above 5%, which is higher than expected just a few months ago.
This is causing a repricing of the stock markets, particularly as data on Thursday included a steeper-than-expected drop inInvestors are concerned that too much tightening from the Federal Reserve could trigger a hard economic landing next year, according to strategists at Bank of America.
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