Wall Street sinks on bets Fed will hike rates this year

Biztoc.com - June 17, 2026

Wall Street sinks on bets Fed will hike rates this year

By Sinéad Carew and Sruthi Shankar June 17 (Reuters) - The S&P 500 and Nasdaq closed down by more than 1% on Wednesday, as traders bet that the Federal Reserve's next move would be a rate hike after new Fed Chair Kevin Warsh highlighted the need to tame infla…

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