Fear of interest rate hikes is fading as next Fed meeting approaches
Tuesday, December 11, 2018, 8:37 AM
The fear of the Fed is fading. As the 10-week stock market correction deepened, fears of slowing growth escalated and expectations for Fed rate hikes have fallen. While stocks weakened, investors jumped into bonds, sending yields lower and igniting worries about a looming recession. The S&P 500 was up 0.2% to 2,637 but is still down more than 11% from its September high.