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Volatility In Markets Increases After Fed Raises Interest Rates

U.S. stocks ended lower on Wednesday, after the Federal Reserve announced its recent policy decision. At the end of its two-day policy meeting, the US Fed raised its policy rate by 75 basis points for the third time. However, Fed policymakers also signalled more rate hikes in the coming period, with new projections showing rate increasing to 4.40% by the year end.

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Stitch Fix Faces Price Target Cuts By Analysts Following Q4 Results, Shares Slide

Stitch Fix, Inc. (NASDAQ: SFIX) reported a wider-than-expected loss for its fourth quarter and issued weak Q1 sales guidance. Stitch Fix said it expects fiscal first-quarter revenue to be between $455 million and $465 million versus the estimate of $522.68 million.

SFIX