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Officials at the Federal Reserve are taking an increasingly hawkish outlook on combatting inflation, signaling more interest rate increases are likely to come.
The Dow Jones outperformed the Nasdaq and S&P 500 indexes. However, the upside was restrained due to hawkish remarks in the US Federal Reserves minutes of the July meeting. Going ahead on August 20th, Wall Street will witness stock-specific actions with major retailers like Alibaba and Walmart scheduled to declare…