Dow Jones Today Drops As Fed Rate Hike Bets Surge To 70%

The post Dow Jones Today Drops As Fed Rate Hike Bets Surge To 70% appeared first on Coinpedia Fintech News

US stocks are sliding as oil climbs above $100 a barrel and August producer prices came in hotter than expected. PPI rose 5.4% year-on-year, above the 5.3% forecast, while core PPI jumped to 4.6% from 4.3%. September rate hike expectations rose to 70%, up from 60%. Dow futures are down 0.33%, Nasdaq futures down 1%, …