Investors Brace for Another , Federal Reserve Rate Hike.
On September 20, stocks finished lower
as investors await interest rate guidance
from the Federal Reserve's policy meeting.
On September 20, stocks finished lower
as investors await interest rate guidance
from the Federal Reserve's policy meeting.
Business Insider reports that
investors are anticipating a 75-basis-point
rate hike from the central bank. .
The 2-year Treasury yield
surged as high as 3.983% to hit
the highest rate since 2007.
The 10-year yield rose as high 3.593%
to reach its highest since April 2011.
Adding to the general sense of unease,
a potential escalation in Russia's war
on Ukraine sent stocks in Moscow tumbling.
S&P 500 was at 3,855.93,
down 1.13% at the closing bell.
The Dow Jones Industrial Average
fell to 30,706.23, down 1.01%.
Oil continued to slide
with West Texas Intermediate
slipping 1.53% to $84.42.
Gold also dropped 0.68% to
reach $1,664.75 an ounce.
Bitcoin fought back to reach
$19,043.29, a 0.73% gain.
Carlyle Group co-founder David Rubenstein warned that a Fed rate hike of 100 basis points would cause further turmoil in markets and add to fears of inflation.
Carlyle Group co-founder David Rubenstein warned that a Fed rate hike of 100 basis points would cause further turmoil in markets and add to fears of inflation