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Stock market today: Wall Street drifts ahead of Fed's next meeting on interest rates
- Wall Street is drifting as investors await the Federal Reserve's latest policy meeting. Traders expect the Fed to keep rates steady, but uncertainty remains about how high officials see interest rates rising this year.
- Oil prices continue to rise, which has raised concerns about inflation. The increase in fuel prices, along with worries about interest rates staying high, have pushed up Treasury yields. Traders are betting on a 40% chance of another rate hike in late 2022.
- Fears of a possible recession persist as the leading economic indicators index shows warning signals. Bond yields, particularly shorter-term yields, remain higher than longer-term yields, a pattern seen prior to past recessions. The recent cyberattack on Clorox and a limited strike by the United Auto Workers have also added to market uncertainty.
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28 Articles
28 Articles
Coverage Details
Total News Sources28
Leaning Left13Leaning Right0Center10Last UpdatedBias Distribution57% Left
Bias Distribution
- 57% of the sources lean Left
57% Left
L 57%
C 43%
Factuality
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