US stock market is now -21% for the year. June 13, 2022
Concern over the coming Federal Reserve meetings on Tuesday and Wednesday continued from last week. With a new high for inflation Friday, now at 8.6% over last year, the trade has upped its expectation from a 0.5% increase in short term interest rates to now a 0.75% increase. The stock market pushed to new lows for the year today. The S&P 500 has now fallen 21% for the year.
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