Investors Prepare for Fed Rate Increase as Stocks and Oil Prices Plummet.
TL;DR Summary
The Dow Jones Industrial Average fell over 350 points as traders sought safety in government bonds amid concerns about the Federal Reserve's upcoming interest-rate decision. Economically sensitive markets, including regional bank stocks, oil prices, and low-quality bonds, were hit hard. Treasury debt and gold were among the few assets to gain. First Republic Bank's seizure by regulators added to concerns about the health of the banking sector.
- Stocks, Oil Prices Fall Sharply As Investors Brace for Fed Rate Increase The Wall Street Journal
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- Fear & Greed Index Moves To ‘Neutral’ Zone Ahead Of Fed Rate Decision - Ford Motor (NYSE:F), Kraft Heinz Benzinga
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