Stock Market

Stock Market Today: Stocks Dip, Yields Jump As Fed Meeting Begins

U.S. equity futures edged lower again Tuesday, while Treasury bond yields jumped to multi-year highs, as investors looked to the start of the Federal Reserve’s two-day policy meeting in Washington.

The chances of a 75 basis point rate hike tomorrow, the third in succession, have been largely cemented by interest rate traders, according to the CME Group’s FedWatch. 

The Fed’s next moves, however, and the level at which it will begin considering a ‘pause’ in rate hikes early next year, continues to elevate following last week’s faster-than-expected August inflation report and concerns that prices pressures have become imbedded into the world’s biggest economy.

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