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Stock markets drop as Wall Street takes a gloomy view of the economy

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Traders work on the floor of the New York Stock Exchange on September 21, 2022 in New York City. Stocks dropped in the final hour of trading after Federal Reserve Chairman Jerome Powell announced that the Federal Reserve will raise interest rates by three-quarters of a percentage point in an attempt to continue to tame inflation. (Getty Images)
Traders work on the floor of the New York Stock Exchange on September 21, 2022 in New York City. Stocks dropped in the final hour of trading after Federal Reserve Chairman Jerome Powell announced that the Federal Reserve will raise interest rates by three-quarters of a percentage point in an attempt to continue to tame inflation. (Getty Images)

This article was originally published on September 23, 2022.

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