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Fed Takes Aggressive Action in Inflation Fight

The Federal Reserve took its most aggressive step yet to try to tame rapid and persistent inflation, raising interest rates by three-quarters of a percentage point on Wednesday and signaling that it is prepared to inflict economic pain…

Target shares fall more than 8% as it expects squeezed profits from aggressive plan to

Shoppers walk in front of a Target store at the Lycoming Crossing shopping plaza in Muncy, Pennsylvania.Sopa Images | Lightrocket | Getty ImagesTarget warned investors Tuesday that its profits will take a short-term hit, as it marks down…

Bill Ackman says a more aggressive Fed or market collapse are the only ways to stop this

Billionaire hedge fund manager Bill Ackman said raging inflation will only dissipate if the Federal Reserve acts more aggressively or the market sell-off turns into a full-on collapse."There is no prospect for a material reduction in…