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Dow drops nearly 550 points, sending its two-day loss total to nearly 1,400 points 

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October 11, 2018 at 5:16 p.m. EDT
President Trump again slammed the Federal Reserve’s rate hikes on Oct. 11, but said he had no plans to fire Chairman Jerome H. Powell. (Video: The Washington Post)

U.S. markets suffered deeper losses Thursday, following on a global rout as investors lost their nerve over rising U.S. interest rates and fresh worries about an economic slowdown.

Concerns about U.S.-China ties weighed heavily, too. U.S. markets rebounded briefly after it was announced that President Trump would meet with Chinese leader Xi Jinping at next month’s Group of 20 summit in Buenos Aires to discuss the intensifying trade conflict.