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Fed decision, Apple union vote, Kroger earnings top week ahead

Other earnings on the docket include Oracle, Adobe

Federalreserve, Public domain, via Wikimedia Commons

By Lucas Manfredi


The Federal Reserve is widely expected to announce another interest rate hike this week as it looks to tame scorching-hot inflation.

U.S. stocks sank on Friday after consumer inflation jumped 8.6% to a 40-year high and consumer sentiment sank to an all-time low as tracked by the University of Michigan. The Dow Jones Industrial Average fell 880 points or 2.7%, while the S&P lost 2.9% and the Nasdaq Composite 3.5%. For the week, all three of the major averages fell between 4.6% and 5.6%.

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