Nasdaq futures tumble 3% on aggressive rate hike bets

Published by
Reuters

(Reuters) – Futures tracking the tech-heavy Nasdaq tumbled nearly 3% on Monday as a widely watched part of the Treasury yield curve inverted on growing fears that aggressive interest rate hikes by the Federal Reserve will tip the economy into recession. Several investors are now forecasting a hike of 75 basis point this week instead of a 50 basis point hike, following a hotter-than-expected inflation reading on Friday. The two-year 10-year U.S. Treasury yield curve briefly inverted for the first time since April, a move viewed by many as a reliable signal that a recession could come in the nex…

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Automotive Gudgeon Pin Market

Automotive Gudgeon Pin Market SWOT Analysis, Key Indicators | 2027                                                                                                                                                

Future Market Insights (FMI) has estimated the Automotive Gudgeon Pin market to grow with year on year growth of 4.3% in 2022 reaching value of about US$ 3,149.4 Mn by 2022

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