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On the SPOT blog (10/20/2022) [I..]

Treasury yields continued to surge and hawkish comments continued to disseminate from Federal Reserve officials today. Current expectation is that FOMC will revise their target policy rate to go higher. These factors likely subdued some of the good earnings from IBM and AT&T and all three major US indices finished the day in red. Union Pacific seems to have guided lower increase in volume that might point to slowing growth in US economy (remains to be seen).

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