Stocks fall, dollar rises as investors eye weakening economy

US Treasury yields were lower while oil prices stabilized after sharply declining earlier in the week.

“This balance between potential interest rate stability and an increase in recession risk is what markets are trying to digest today,” said Goodwin.as a confirmation of her expectations of an economic downturn. All three of Wall Street’s major indexes marked their fourth straight day of losses. For Nasdaq, it was its longest stretch of losses since December.

“The monetary policy dynamics are more or less fully priced in here at this point in terms of the tightening cycle. Now, it’s going to be a focus on the bets on when the Fed starts to ease, how much it eases, and how that relates to what [other] central banks are doing,” said Shaun Osborne, chief FX strategist at Scotiabank in Toronto.

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