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It’s Market Minute time on Yahoo Finance. I’m John Highland.
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Halfway through the trading day, U.S. stocks are in the red.
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We are awaiting the Fed’s interest rate decision. It’ll be out in less than an hour. There is a lot of uncertainty about how the Fed will respond to the Rowan fight as rising energy prices impact the Fed’s interest rate outlook.
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Earlier, we also saw some serious inflation from the Producer Price Index (PPI) report, which showed U.S. wholesale inflation was higher than Wall Street expected.
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Change it to oil. We’re seeing another spike in oil prices. Iran has listed certain energy assets in the Middle East and said it can now respond and attack them. Earlier, Israel issued this message regarding Iranian natural gas fields.
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So we’re seeing prices go up. Finally, I just want to look at JPMorgan Chase. The bank has hired some of the biggest names in sports to help manage athletes’ finances. This is a big push from JPMorgan Chase, also led by Dwayne Wade.
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Athletes including Tom Brady also help lead the program, which is your Yahoo Finance market minute.
