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US stocks close at lowest since June, Treasury yields spike on hawkish Fed

All three major U.S. stock indexes tumbled more than 1% and benchmark 10-year U.S. Treasury yields touched a 16-year peak the day after Fed Chairman Jerome Powell warned inflation still has a long way to go before approaching the central bank#39;s 2% target.

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​ All three major U.S. stock indexes tumbled more than 1% and benchmark 10-year U.S. Treasury yields touched a 16-year peak the day after Fed Chairman Jerome Powell warned inflation still has a long way to go before approaching the central bank#39;s 2% target. All three major U.S. stock indexes tumbled more than 1% and benchmark 10-year U.S. Treasury yields touched a 16-year peak the day after Fed Chairman Jerome Powell warned inflation still has a long way to go before approaching the central bank#39;s 2% target.  Moneycontrol Latest News Read More  

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