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Market Update: European Equities Set to Fall as Fed Turns Hawkish
European stock futures pointed to a negative start on Thursday, after the Federal Reserve signaled it might raise interest rates as early as 2023, a faster pace than initially thought, and as Chair Jerome Powell said there had also been initial discussions about a bond-buying tapering. The central bank’s forecasts showed 13 of the 18 officials saw rates rising in 2023 versus only six previously, while seven tipped a first move in 2022. [/s2If]
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