The S&P 500 swung between gains and losses. The dollar halted a four-day rally, while Treasury 10-year yields dropped below 3%.
contracted for a second straight month, reflecting softer demand at both manufacturers and service providers.event after recent comments from Fed officials convinced many investors the central bank will continue to tighten aggressively, even into a slowing economy.
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US stocks end sharply lower on fears of aggressive Fed rate hikeThe Fed’s gathering later this week in Jackson Hole is expected to reinforce a strong commitment to stamp out inflation
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