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Stocks slide as Fed Chair Powell warns of impact of tariffs on the economy

New York (CNN) — US stocks fell Wednesday as Federal Reserve Chair Jerome Powell warned that President Donald Trump’s tariffs are unprecedented in modern history, with effects that “remain highly uncertain.” The Dow tumbled 700 points, or 1.73%. The broader S&P 500 fell 2.24%. The tech-heavy Nasdaq Composite tumbled 3.07%. “The level of the tariff increases […]

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