Stocks sink as investors brace for another big rate hike

  • 📰 CBSNews
  • ⏱ Reading Time:
  • 24 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 68%

Business News News

Business Business Latest News,Business Business Headlines

The S&P 500 dropped 28 points, or 0.7%, as of 9:49 a.m. ET, while the Dow Jones industrials fell 231 points, or 0.9%.

being used to fight it. The fear is that the Fed and other central banks might overshoot their policy targets, triggering a recession.

Most economists forecast that the Fed will jack up its primary lending rate another three-quarters of a point when the central bank's leaders meet this week."Fact is, hawkish expectations built on the 'hot under the hood' U.S. inflation print means that markets have good reason to be braced for headwinds amid prospects of higher rates; and arguably 'higher for longer' USD as well," Vishnu Varathan of Mizuho Bank said in a commentary.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Red Tsunami Coming 💯 High Inflation High Crime Open Borders Fentanyl Deaths

In God's hope, we will soon destroy all American soil with nuclear missiles by the order of Imam Khamenei and the Iranian Revolutionary Guard Corps, and with the Democratic Party we will enslave all Americans and sell their women.

Thanks to the American Democratic Party and Mr.Biden,all of Iran's nuclear missiles are ready and aimed at American soil,With the reference of Imam Khamenei and the Iranian Revolutionary Guard Corps, we will fire them at America and destroy all American soil and all Americans

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 87. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Bitcoin Crashes Towards $18K, Crypto Markets Shed $80 Billion Daily (Market Watch)The crypto market cap is down to its lowest level in months, as BTC dumped to a 3-month low.
Source: Crypto_Potato - 🏆 568. / 51 Read more »

Rising Bond Yields Change the Calculus for StocksWhether the markets get any reprieve from their recent selloff depends in part on what happens at this week’s Fed meeting We wouldn’t be in this situation if the fiat money wasn’t circulating! The fed is going to raise rates and QE to infinity. The $ is over. Get out if the banks, out of stocks & get hard assets you can trade. The basics, food clothing shelter lead gold & if you have extra Bitcoin
Source: WSJ - 🏆 98. / 63 Read more »