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Stocks sink as investors brace for another big rate hike

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The S&P 500 dropped 28 points, or 0.7%, as of 9:49 a.m. ET, while the Dow Jones industrials fell 231 points, or 0.9%.

being used to fight it. The fear is that the Fed and other central banks might overshoot their policy targets, triggering a recession.

Most economists forecast that the Fed will jack up its primary lending rate another three-quarters of a point when the central bank's leaders meet this week."Fact is, hawkish expectations built on the 'hot under the hood' U.S. inflation print means that markets have good reason to be braced for headwinds amid prospects of higher rates; and arguably 'higher for longer' USD as well," Vishnu Varathan of Mizuho Bank said in a commentary.

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Red Tsunami Coming 💯 High Inflation High Crime Open Borders Fentanyl Deaths

In God's hope, we will soon destroy all American soil with nuclear missiles by the order of Imam Khamenei and the Iranian Revolutionary Guard Corps, and with the Democratic Party we will enslave all Americans and sell their women.

Thanks to the American Democratic Party and Mr.Biden,all of Iran's nuclear missiles are ready and aimed at American soil,With the reference of Imam Khamenei and the Iranian Revolutionary Guard Corps, we will fire them at America and destroy all American soil and all Americans

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