Stocks Dip Deeper into Bear Market Ahead of Big Fed News

Wall Street is dipping further in its first trading after tumbling into a bear market on worries that high inflation will push central banks to clamp the brakes too hard on the economy.

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Stocks Dip Deeper into Bear Market Ahead of Big Fed News
Image via AP Photo/Seth Wenig

This article was republished here with permission from The Associated Press, however it is no longer available to read on Snopes.com.

NEW YORK (AP) — Wall Street is dipping further in its first trading after tumbling into a bear market on worries that high inflation will push central banks to clamp the brakes too hard on the economy. The S&P 500 was 0.5% lower in afternoon trading as investors brace for the Federal Reserve’s announcement on Wednesday about how sharply it will raise interest rates. Earlier in the day, it wobbled between modest losses and gains…

Read at AP News