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Forex Today: Stocks Slide on More Hawkish Fed Comments

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Fed\u2019s Bostic Wants Rates \u003E5% Into 2024; US 2-Year Treasury Yield Hits 15-Year High; S\u0026P 500 Index Flirts With 200-Day MA

Get DailyForex analysis to your emailIncreased expectations of higher US interest rates are pushing stock markets lower.

is now close to breaking below its 200-day moving average. If the breakdown is completed, this will suggest the nascent bull market is overThe Fed’s hawkish expressions are also pushing up US Treasury Yields, with the 2-Year trading above 4.9% at a 15-year high and looking likely to rise higher still over coming days.

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