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US stocks hold steady after expectations rise for the Federal Reserve to raise interest rates

NEW YORK (AP) — The U. S. stock market is holding relatively steady Friday, and expectations are building in the bond market for the Federal Reserve to hike interest rates soon to get the nation's high inflation under control. The S&P 500 rose 0. 3%. The Dow Jones Industrial Average was up 89 points, or 0. 2%, as of 10:45 a. m. Eastern time, and the Nasdaq composite was 0. 3% higher. The bond market had more of a reaction following Kevin Warsh's first time speaking as chairman of the Fed at...

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