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Fed Rate Hike Odds Surge to 86%: Tech Stocks and Gold Slump as Yields Spike

24/7 Wall St. Read original source (opens in a new tab)
The Story

News Summary

  • Stubborn inflation figures and elevated oil prices have driven CME FedWatch rate-hike odds to 85.6%.
  • As Treasury yields approach 5%, expectations of tightening monetary policy threaten growth stocks, broader equity indices, and non-yielding assets while significantly strengthening the US dollar.
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XAUUSD price history

4408.90 -4.49% over the displayed period

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