Stocks Sink as Investors Worry Fed Will Hike Rates Faster Than Expected
- Stocks continue dropping as investors fear higher interest rates from the Fed
- Rising bond yields make safer investments like Treasuries more appealing
- Markets shook by quick pace of yield spikes, not just higher rate levels
- Weak economic data could give stocks reprieve by reducing rate hike chances
- Fed officials signal more hikes if strong economy persists, worrying markets