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Fed Rate Hike Odds Spike to 66% as Hawkish Warnings Batter Stocks

Yahoo Finance Read original source (opens in a new tab)
The Story

News Summary

  • Fed Governor Barr signaled decisive rate hikes if inflation remains elevated, driving September hike odds to 66%.
  • The hawkish remarks pushed bond yields higher and hammered US equity futures, especially rate-sensitive tech stocks, while boosting the US dollar against foreign currencies and precious metals.
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US100 price history

28937.84 +14.66% over the displayed period

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