Wall Street stocks nosedive, small caps verge on bear market signal
January 25, 2022
LIVE MARKETS Wall Street wobbles as the Fed gets its hawk out
January 27, 2022Treasury yields mostly higher as investors look for the Fed’s guidance later today. The 10-year moves on both sides of stable, after rising to 1.784% Tuesday. “It’s [Fed] day and we do expect indications of rate hikes with liftoff begging in March,” Spartan’s Peter Cardillo says. “However, while the Fed statement will be hawkish, we do not expect a militant communique that would drive stocks lower. In other words, it’s already discounted.
