Posted 11/7/2023, 8:28:00 AM
Markets Drop as Rate Cut Hopes Fade After Hawkish Fed Comments
- Stocks and equity futures fall as Fed rate cut hopes fade after hawkish comments.
- Dollar and Treasury yields rise for second day following remarks by Minneapolis Fed President Kashkari.
- Australia central bank resumes policy tightening, raises inflation forecast.
- Emerging markets retreat amid stronger dollar and weaker Chinese trade data.
- Oil prices drop on growth concerns despite OPEC+ extending supply cuts.