US Stocks, Bonds Fall as Debt Impasse Continues: Markets Wrap
- JPMorgan puts odds of debt talks going past June 1 at 25%
- Minutes from Fed show split support for more rate hikes
This article is for subscribers only.
US stocks and bonds fell on Wednesday as traders weighed the possibility of a US recession from either a US debt default or higher interest rates from the Federal Reserve.
The S&P 500 fell 0.7%, led by losses in financials and real estate, as negotiations over the US debt ceiling stretched into another day and minutes from the Fed showed policymakers split on the path for US interest rates.