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The Dow and the Nasdaq tumbled amid a broad sell-off after the Fed hiked key rate US markets fell sharply on Thursday in Wall Street’s worst day since 2020, eviscerating all the gains from the previous day, after the US Federal Reserve announced plans to raise the key interest rate.

It’s “not possible” to substitute supplies from Russia, Belarus, and Ukraine for almost 14% of the country’s industrial companies, and for another 16% it’s not economically viable, a survey has found