Wall Street still seems hesitant to ‘buy the dip’ after another round of soft economic data and on fears the market might not be pricing in enough Fed hawkishness. The bond market delivered another major move with the 10-year Treasury peaking just above the 3.00% level. The S&P 500 wasn’t ready to break the critical 4,000 level just yet, which could suggest stocks are ready for the typical consolidation that happens before a key Fed decision.
Fed
On Wednesday, the Fed will debate a 75-basis p
02-05-2022 16:45 GMT
by Edward Moya