The S&P 500 growth stocks index, which houses rate-sensitive technology and growth stocks, fell 3 per cent as Treasury yields rose, while its value counterpart lost 1.6 per cent.
Excluding the volatile food and energy components, core CPI increased to 6.3 per cent from 5.9 per cent in July, putting further pressure on the Fed to continue on its rate-hike spree. Money markets now see an 81 per cent chance of a 75-basis-point increase in rates and 19 per cent chance of a whopping 100 bps hike by the Fed at its Sept. 20-21 meeting, while expecting rates to peak around 4.28 per cent in March 2023.
It’s 900 points - and Biden is still trying to put Trump in jail! Who is running this country
Canada ripple effect on the way..
The fall recession is going to happen and Trudeau will be toast. Under the bus!!!! He has no more money.
Dems and Liberals are doing their best to fight inflation by increasing the money supply through more Government spending folks.
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