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Stock Market Today: Stocks Higher As Dollar Retreats, Oil Leaps


U.S. equity futures nudged higher Tuesday, while the dollar retreated from its recent ten-day highs and Treasury bond yields retreated, as investors crept back into risk markets amid some dovish commentary on rates from Federal Reserve officials that offset concerns over China’s deepening Covid crisis.

Cleveland Fed President Loretta Mester said Monday during an interview with CNBC that she favors a smaller 50 basis point rate hike for the central bank’s next meeting in December, but noted that “I do think we’re going to have to let the economy tell us going forward” about the pace of future increases.





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