US stocks fall more as rate hikes add to worries

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NEW YORK, Sept 22 — Wall Street stocks fell early today, extending a retreat as more central banks joined the Federal Reserve in raising interest rates in response to soaring...

NEW YORK, Sept 22 — Wall Street stocks fell early today, extending a retreat as more central banks joined the Federal Reserve in raising interest rates in response to soaring inflation.

The Fed announced its latest supersized 0.75 percentage point rate hike yesterday that was accompanied by a grim acknowledgement that countering inflation would not be “painless,” as Fed Chair Jerome Powell put it.

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