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US stocks set to hit pause after record run

Federal Reserve officials have hinted at more interest rate increases this year than the three currently priced into the market

US stocks set to hit pause after record run

A record rally in US stocks showed signs of losing steam on Monday, as futures for the Dow industrials and S&P 500 edged lower, MarketWatch reports.

Traders also absorbed recent comments from Federal Reserve officials, who hinted at the potential for more increases to interest rates in 2018 than the three currently priced in to the market on the back of a strengthening US economy and fiscal stimulus.

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