Wall Street on the verge of a nervous breakdown

Posted Sep 17, 2022, 11:00 AMUpdated on Sep 17, 2022 at 11:07

After one particularly trying week , during which investors took the measure of the persistence of inflationary pressures in the United States, all eyes are on the Fed meeting next Wednesday. Financial market operators have no more illusions: the American central bank will continue its monetary tightening at a forced march. A rate hike of at least 75 basis points now seems inevitable. Some are even considering a 100 basis point hike, unheard of since 1984.

On Wall Street, all the lights have turned red: the interest rates have jumped and equities have slumped over the past week, driving volatility up.