Nasdaq 100 Falls As Warsh Revives Rate Hike Bets: Stock Market Today
Fed Chair Kevin Warsh said underlying inflation has not improved, pushing September hike odds to 60%, lifting the 2-year yield
A top Fed official said prices are still too high, so money might get more expensive to borrow soon. When borrowing costs go up, it can make some stocks less attractive to investors, which is why tech stocks fell today.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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