Stocks finished broadly lower Tuesday as Wall Street, increasingly anxious about the slowing economy, looks ahead to aby the Federal Reserve in its bid to squash the highest inflation in decades.
“The market is certainly bracing for the worst, and you’re seeing a little bit of selling pressure coming in,” said Paul Kim, chief executive of Simplify ETFs.When organizers of the Future Proof wealth festival decided to create their own event, they took inspiration from Coachella and South by Southwest
Bond yields mostly edged higher. The yield on the 10-year Treasury, which influences mortgage rates, rose to 3.56% on Tuesday from 3.52% late Monday and is trading at its highest levels since 2011. If the Fed raises its key short-term rate by three-quarters of a point Wednesday, that would lift its benchmark rate — which affects many consumer and business loans — to a range of 3% to 3.25%, the highest level in 14 years and up from zero at the start of the year.
Stocks are lower than Trump could have done WITH Covid. Bidenomics.
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