Stocks fall as Fed signals interest rates need to go still higher

.

Decliners outnumbered gainers on the New York Stock Exchange by a nearly 2-to-1 margin. Smaller company stocks fell further than the rest of the market, pulling the Russell 2000 index 0.8% lower.Bond yields rose and hovered around multi-decade highs. The yield on the two-year Treasury note rose to 4.45% from 4.37% late Wednesday. The yield on the 10-year Treasury, which influencesThe Fed has been raising rates aggressively in order to tame inflation by applying the brakes to the economy.

“Bullard’s comments this morning suggesting that they need to get the fed funds between 5% and 7% was a surprise, to say the least, to markets,” said Scott Ladner, chief investment officer at Horizon Investments. “That certainly was a shock to folks and pushed us further down.”

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

U.S. stocks fall as Treasury yields rise on expectation of more rate hikes By Investing.com⚠️BREAKING: *U.S. STOCKS DROP AS FED OFFICIALS TALK TOUGH ON RATES; TECH SHARES FALL 🇺🇸 🇺🇸 Will the market be bloody tomorrow We should head far lower Tank it; Got that cash ready!
Source: Investingcom - 🏆 450. / 53 Read more »

Stocks fall as Fed signals rates need to go still higher | amNewYorkStocks are opening lower on Wall Street and Treasury yields are rising after more indications from the Federal Reserve that the central bank may need to raise interest rates much higher than many people expect to get inflation under control.
Source: amNewYork - 🏆 336. / 59 Read more »