A sharp weekend selloff in crypto led by a slump in smaller digital tokens set off a fresh wave of anxiety among investors, following a week in which a crackdown by the US Securities and Exchange Commission on the sector gained significant pace.
Federal Reserve policymakers are about to take their first break from an interest-rate hiking campaign that started 15 months ago, even as they confront a resilient US economy and persistent inflation.
The stock market is growing more sanguine about US regional banks, but the lenders still face serious pressure.
The risks for bond investors from next week’s Federal Reserve meeting go well beyond whether officials decide to raise interest rates again.
A stock rally that lasts for too long at this stage could be “dangerous” as it would ease financial conditions, boost inflation and push the Federal Reserve to keep tightening, according to Seema Shah, chief global strategist at Principal Asset Management.
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