Markets are beginning to anticipate an even faster pace of interest rate hikes, and Federal Reserve officials apparently are contemplating the possibility as well.
S&P 500 enters bear market, 10-year yield hits 11-year high
U.S. stocks sank into a bear market on Monday, with traders betting a fresh decades-high print on inflation will force the Federal Reserve to get even more aggressive than previously anticipated to help ease rising prices.
Bitcoin plunges below $24,000 and the crypto meltdown claims another casualty
Bitcoin and other cryptocurrencies plunged Monday, and two of the world’s biggest cryptocurrency platforms restricted activity as the market meltdown continued apace.