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Utilities Down Sharply On Fed Fears -- Utilities Roundup

11/30/2021 | 05:14pm EST

Shares of power producers fell sharply as traders fled the stock market and short-term Treasury yields rose in response to Federal Reserve Chairman Jerome Powell's inflation warning.

The yield on the two-year Treasury closed about one tenth of a percentage point shy of its 52-week high after Mr. Powell told the Senate Banking Committee that the central bank would be discussing inflation concerns at its next board meeting.

Write to Rob Curran at rob.curran@dowjones.com

(END) Dow Jones Newswires

11-30-21 1714ET

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