Wall Street

U.S. investors brace for more wild market gyrations after dizzying Q3

Published by
Reuters

By Saqib Iqbal Ahmed and Lewis Krauskopf NEW YORK (Reuters) – In a year of wild market swings, the third quarter of 2022 was a time when events took a truly extraordinary turn. As the Federal Reserve ratcheted up its monetary policy tightening to tame the worst inflation in decades, U.S. Treasury yields shot to their highest levels in more than a decade and stocks reversed a summer rally to plumb fresh depths. The S&P 500 is down nearly 25% year-to-date, while yields on the benchmark 10 year Treasury note, which move inversely to bond prices, recently hit their highest level since 2008. Outsid…

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