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U.S. stocks fell Tuesday as Fed Chair Powell signaled rates may stay high longer due to persistent inflation.
U.S. stocks declined on Tuesday following comments from Federal Reserve Chair Jerome Powell, who signaled that interest rates may remain high for longer than expected.
Markets reacted to his remarks suggesting inflation pressures persist, raising concerns about the economic outlook.
The S&P 500 and Nasdaq both dropped, while the Dow Jones Industrial Average also posted losses.
Investors are closely monitoring the Fed's stance on monetary policy as it balances inflation control with economic growth.
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Las acciones estadounidenses cayeron el martes, ya que el presidente de la Fed, Powell, señaló que las tasas podrían permanecer altas por más tiempo debido a la inflación persistente.