Macro Finance
US Stocks Extend Drop as Oil Surge Stokes Fed Rate-Hike Bets
Bloomberg Markets·September 24, 2026·1 min read
US stocks dropped as investors rotated into defensive sectors, hedging against rising bond yields and a fresh jump in oil prices that has traders bracing for more Federal Reserve rate hikes. The selloff extended recent declines, with market participants weighing the impact of higher energy costs on inflation and the central bank's policy path.
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