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Why the Fed’s pivot on inflation is hitting sure tech shares so laborious, whereas serving to Apple

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By Joselyn Keeler
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Federal Reserve Chair Jerome Powell testifies earlier than a Senate Banking Committee listening to on the CARES Act Oversight on the Senate Workplace Constructing on Tuesday, Nov. 30, 2021 in Washington, DC.

Kent Nishimura | Los Angeles Instances | Getty Pictures

The “Powell Pivot” is inflicting large strikes in tech valuations. 

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