Wall Street

Stock Market Today – 6/14: Stocks Bounce From Bear Market Lows; Rate Traders Flip Fed Rate Hike Bets

Published by
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…

Read More

Share this Story
Load More Related Articles
Load More In Wall Street