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Market Dip, Fed Pause, AI Volatility | Odessa News
Stocks dipped slightly yesterday as the S&P 500 pulled back from record highs, dragged down by weaker-than-expected retail sales that surprised economists. While this slowdown may ease inflation and give the Fed pause on rate hikes, it also raises alarms about a potential economic slowdown—possibly even stagflation. Wall Street experts caution against overreacting, noting the dip could be temporary, fueled by tax refunds or early sales. The report hit hardest among older and lower-income consumers already squeezed by inflation. Meanwhile, Reddit surged ahead of its S&P 500 inclusion, while…
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