Investors Brace for Another Federal Reserve Rate Hike

Investors Brace for Another Federal Reserve Rate Hike

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


User: Wibbitz Top Stories

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Uploaded: 2022-09-20

Duration: 01:31

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