Fed will slow down pace of interest-rate hikes, Powell says

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Fed chair Jerome Powell has reaffirmed another interest rate hike is coming as soon as December, but it won't be as steep as previous hikes. Your CBS Joe schlesinger, stocks jumped after Jerome Powell indicated that the Federal Reserve was on track to slow down the size and pace of interest rate increases. CBS News brief. I'm Monica ricks. News time one 32, a new state filing reveals more than 200 San Francisco Twitter employees left after CEO Elon Musk issued mass layoffs

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