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Morning Coffee: Crosswinds End in Wall Street Surge

Wall Street surged on Friday to end on a positive note, closing a week of intense market gyrations. The market is being caught in an economic crosswind, as signs of peaking inflation were partly offset by fears that policy tightening by the Federal Reserve could tilt the economy into recession.
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Morning Coffee: Main Indexes Continue to Drop

Wall Street’s three main indexes extended losses on Friday as investors worried that the Fed might have to raise rates more than expected to fight inflation.
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