Wall Street falls after strong service-sector data feeds hawkish Fed fears2 min read . Updated: 05 Dec 2022, 09:36 PM IST
Investors see an 89% chance that the U.S. central bank will increase interest rates by 50 basis points next week, with the rates peaking in May 2023
Wall Street's main indexes fell on Monday after better-than expected service-sector activity added to jitters that the U.S. Federal Reserve might continue on its aggressive policy tightening path despite fears of a recession next year.
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