US stocks dip as Fed minutes suggest more rate hikes ahead

US stocks fell as the Federal Reserve's June meeting minutes showed policymakers anticipate up to two interest rate hikes in 2023 to address inflationary pressures. Investors are likely to remain cautious with rising bond yields hinting at further rate increases, leading all major market indices to close in the red.

Jul 6, 2023 - 10:30
US stocks dip as Fed minutes suggest more rate hikes ahead
US stocks fell as the Federal Reserve's June meeting minutes showed policymakers anticipate up to two interest rate hikes in 2023 to address inflationary pressures. Investors are likely to remain cautious with rising bond yields hinting at further rate increases, leading all major market indices to close in the red.