Wall Street ends lower as oil spikes and the benchmark Treasury yield breaches 5 per cent, crypto firms sink on bitcoin weakness
In the wake of last week’s hot inflation data and the near 25 per jump in US crude prices over the last two weeks, financial markets have priced in more than a 95 per likelihood of a rate hike on Wednesday, up from 33.1 per one month ago, according to CME’s FedWatch tool.
