S&P sinks to bear market, stock crisis gets worse

The bond market saw its own volatility as the two-year and 10-year Treasury yield curve briefly inverted early Monday morning, a known predictor of a recession. Both yields are sitting at 52-week highs of 3.379% and 3.371%, respectively.

Falling stocks and rising yields come ahead of the Federal Reserve’s decision on interest rates due Wednesday. Investors also got word via areleased Monday afternoon that policymakers are reconsidering a 0.75% rate hike, in a possible surprise to the market. "To come back now, they’re sort of damned if they do, damned if they don’t," NatWest Markets head of US Michelle Girard told FOX Business. "It would look like they had to reverse course like they’re panicked. I just don’t know if the Fed just chooses to just signal that more rate hikes of 50 basis points or more are likely further into the fall than what they had initially expected.

And it's worth noting consumers are feeling crummy, particularly about record-high gas prices, which crossed above $5 a gallon over the weekend, as tracked by AAA. Even before that new high, the University of Michigan’s preliminary sentiment index for June tumbled to a record low. "Consumers' assessments of their personal financial situation worsened about 20%.

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At least there is something in this world getting cheaper, don't bitch and complain, just get them bargains. 😄

OMG FAUX isnt enough now they moved the RAG stories over to the business station. Biden Biden Biden, shall we count the ways in which you use his name~~~~~ so tired of ALL THE LIES your spread.....

Good. A fast return to real value without Trump's socialist handouts falsifying demand

I wonder why won't report on Putin's ongoing attack. Probably because Putin has dirt on Murdoch?

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Add the cratering stock market to the list below: It only took Democrats 1.5 years to create 40 year record high inflation, food shortages, skyrocketing interest rates, unaffordable housing, massive crime waves, an iIIegal immigrant invasion, and the start of WWIII with Russia.

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S&P 500 nears bear market territory as stock prices tumble worldwideWall Street is tumbling even more today. The S&P 500 is down more than 20% from its record, amid fears that a recession is more likely given how unshakable inflation has become.
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Inflation worries, recession fears push S&P 500 into bear market territoryMarket watchers say investors are pulling out of risky bets as fears of protracted inflation, and the looming threat of a recession, drive increased interest in fiscal safe harbors.
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