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NEW YORK (MarketWatch) — Treasury prices clipped their losses Wednesday, flattening yields, after the Federal Reserve slashed its outlook for economic growth this year and reaffirmed policymakers were planning to hold off on future rate cuts.
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U.S. stocks extend losses in afternoon trade after the release of the minutes of the Federal Reserve’s last meeting show central bankers hesitant to cut interest rates further because of mounting inflation concerns.
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On May 21, MarketWatch’s Financial Stocks column incorrectly attributed a report of a computer glitch at Moody’s Investor Services.
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