U.S. equities deepened losses after minutes from the Federal Reserve flagged the chance of earlier and faster interest rate hikes.
The S&P 500 fell 1.9%, led by losses in real estate, while the Nasdaq 100 shed 3.1% as traders increased conviction the U.S. central bank will increase rates at least three times this year. The 10-year Treasury yield climbed to 1.71% the highest since April. The dollar was little changed.
