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U.S. stocks have worst day in nearly three weeks as hawkish Fed speak, China worries rattle markets

Por: MarketWatch Business November 29, 2022

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What drove markets Wall Street started the week in a downbeat mood as traders absorbed the impact of unrest in China and assessed interest-rate commentary by a pair of Fed officials on Monday. St. Louis Fed President told MarketWatch that he favors more aggressive interest-rate hikes to contain inflation, and that the central bank will likely need to keep interest rates above 5% into 2024. Meanwhile, , president of the New York Fed, said that... + full article



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