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Jerome Powell: U.S. businesses will have to endure some "pain"

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Indeks S&P500 (SP:SPX)  
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SP:SPX   Indeks S&P500
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Inflation must be tamed, no matter the collateral damage.
Interest rates are headed higher, unemployment will rise, and growth will slow.
Jerome Powell: "We must keep at it until the job is done."

Most likely in September SPX will test June`s low.

Looking forward to read your opinion about it.

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