Stocks Get Hit as a New Sheriff Arrives in Town
WordPress Excerpt: The Fed’s hawkish pivot rattled global markets overnight, with 9 of 18 officials now projecting a rate hike and the S&P 500 sliding 1.2% to 7,512.15. Two-year Treasury yields surged 17 basis points to 4.216% as gold fell 1.9% to $4,247.93, while ASX futures point to a 61-point drop at the open.