was trading around 2.8% ahead of the Fed 's release on Wednesday the minutes from its latest policy meeting earlier this month, which resulted in a 50 basis point rise in rates, double the increase seen in March.
The market expects rate hikes at all of the remaining Fed meetings this year. app.What to Watch Today: S&P 500 Set to Open Higher After Narrowly Avoiding a Bear Market Close
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Dow futures rose sharply Monday after the 30-stock average logged its first eight-week losing streak since 1923.