U.S. Tech Selloff Dents Bets on a December Fed Rate Hike
Photo: TokenPost
U.S. technology and semiconductor losses have weakened market expectations for a December Federal Reserve rate hike, as tighter financial conditions may curb the need for additional increases. Concerns about returns on AI spending, data center regulation and leveraged trades being unwound weighed on the shares. Every S&P 500 sector ended lower. Investors shifted toward short-term U.S. Treasury securities and money-market funds, whose assets rose to $8.016 trillion. The technology selloff also reduced market expectations for a December Fed increase, as tighter financial conditions may lessen the need for further hikes.
Source: TokenPost
