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PBS News Hour

Markets plunge amid fears of sharply higher interest rates

Wall Street has gone into meltdown mode over inflation fears and the possibility that higher interest rates are imminent. The Dow Jones Industrial Average, NASDAQ and the S&P 500 all fell significantly. It is now officially a bear market, down more than 20 percent from its January high. Julia Coronado, MacroPolicy Perspectives president and former Fed economist, joins Judy Woodruff to discuss.
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