The markets could crumble under the weight of a series of rate hikes and nagging inflation well before the year ends, warns a top strategist.
European stocks close lower amid hawkish Fed comments, new Russia sanctions; Stoxx 600 down 1.6%
European markets closed lower on Wednesday against a backdrop of hawkish comments from U.S. Federal Reserve officials and further sanctions against Russia.
Stock market news live updates: Stocks dip as investors digest hawkish Fed remarks, eye more sanctions
U.S. stocks fell Wednesday as investors eyed more Western sanctions against Russia and digested hawkish remarks from key monetary policymakers. These suggested that more members of the Federal Reserve were open to moving aggressively to raise interest rates and bring down demand and persistently elevated levels of inflation.