S&P 500 confirms bear market in fourth straight day of losses

The Fed is scheduled to make its next policy announcement on Wednesday and investors will be highly focused on any clues for how aggressive the central bank intends to be in raising rates.Article content

“The market had been trying to rally around the idea that inflation has peaked, and the Fed would not have to be more aggressive,” said Ross Mayfield, investment strategy analyst at Baird in Louisville, Kentucky.Article content In addition, the two-year 10-year U.S. Treasury yield curve briefly inverted for the first time since April, which many in the markets see as a reliable signal that a recession could come in the next year or two.

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