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The Street
The Street
By Martin Baccardax Rate traders are locking-in bets on a 75 basis point rate hike from the Fed this week as inflation soars, growth slows and bond yields signal recession. U.S. equity futures bounced higher Tuesday, following the biggest three-day trading decline of the year on Wall Street, as investors looked to the start of the Federal Reserve’s two-day policy meeting amid accelerating bets on faster and deeper rate hikes. The Street’s benchmark gauge of stock market volatility, the VIX, however, surged 20% in overnight trading to 33.19 points, suggesting a likely session of wild swings for…
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