Traders raise bets on three more Fed rate hikes by end-2027
Traders are adding to bets on three additional Federal Reserve rate hikes by the end of 2027.
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Stocks slip as Brent above $97 reignites rate-hike fears
U.S. stocks fell Tuesday as crude oil extended higher, pushing the 10-year Treasury yield above 4.8% and reviving bets the Federal Reserve could raise rates next week. The Dow led declines, while Amgen was the biggest drag.