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Wall St slips as higher oil prices, hawkish Fed bets weigh

The main U.S. stock indexes dropped on Monday after military strikes between the United States and Iran drove up oil prices, fanning inflation worries after Fed Chair Kevin Warsh’s hawkish remarks in his first Jackson Hole address the previous week. The losses could set the tone for September, typically a weak month for equities, and are likely to up the ante at the U.S. Federal Reserve’s meeting…

Wall St slips as higher oil prices, hawkish Fed bets weigh

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