Nasdaq falls 1.6%, leads broad stock selloff, Dow down 172 points U.S. stocks saw a broad decline after the Federal Reserve signaled it will remain aggressive in hiking interest rates to tame stubbornly high inflation. This as consumer pulled back spending, via retail sales in July, as prices soar for everything including gas, chicken and eggs. In commodities, oil dipped 1.8% to $88.11 per share. More on this For more news, please go to FoxBusiness.com and watch Fox Business Network.

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