Lowered profit forecasts raise concerns on shaky Wall Street

NEW YORK – Recent profit warnings from bellwether companies like Ford Motor Co, may signal more challenges ahead for corporate America, increasing wariness for investors as thestockmarketdeepens its sell-off.

Investors are increasingly pricing in a U.S. economic downturn next year. The U.S. Federal Reserve raised interest rates by three-quarters of a percentage point for a third straight time on Wednesday in its fight to combat inflation, and some analysts think the aggressive hikes could tip the economy into recession.

With that, concern about earnings has been rising as companies face higher inflation and possibly weakening demand.

Ford Motor warned last Monday that inflation-…

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