Federal Reserve Board Chairman Jerome Powell speaks during a press conference May 1, 2019 in Washington, DC.
Mark Wilson | Getty
It’s been a bumpy week for stocks.
The market came under pressure at the start of the week as investors worried that the elevated wage pressure seen in the November jobs report could push the Federal Reserve to raise interest rates higher than scheduled for next year to fight inflation. After a brief midweek respite, Wall Street closed lower on Friday. The Dow Jones Industrial Average had its worst week since September.
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