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Stocks Close Higher After a Bumpy Week

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A sharp rise Friday helped temper losses from earlier this week, with only the Dow ending the week lower

Federal Reserve Chair Jerome Powell, speaking last month in Washington, said Friday that past interest-rate increases had yet to fully slow the economy. Photo: Aaron Schwartz/Zuma Press

Federal Reserve Chair Jerome Powell told investors that the central bank would “proceed carefully” on any further rate increases in a much-anticipated speech Friday. Investors are split over whether there will be more. 

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