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flag U.S. stocks fell Tuesday as Fed Chair Powell signaled rates may stay high longer due to persistent inflation.

flag 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. flag Markets reacted to his remarks suggesting inflation pressures persist, raising concerns about the economic outlook. flag The S&P 500 and Nasdaq both dropped, while the Dow Jones Industrial Average also posted losses. flag Investors are closely monitoring the Fed's stance on monetary policy as it balances inflation control with economic growth.

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