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CNBC Daily Open: Powell's comments drag investors down to earth from postelection high

By CNBC   |   Nov 14, 2024 at 08:23 PM EST
CNBC Daily Open: Powell's comments drag investors down to earth from postelection high

Fed Chair Powell stated that the U.S. economy is strong, indicating no rush for rate cuts. October's job report was affected by hurricanes and strikes. Wholesale prices rose slightly, with the producer price index up 0.2%.

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