Your Evening Briefing: Spooked by the Fed, Investors Head for Exits

It was another rough day for U.S. markets. The S&P fell 1.9% in the biggest weekly drop since February, extending a bout of volatility ignited by surprise hawkishness at the Federal Reserve. Investor jitters weren’t eased by St. Louis Fed President James Bullard either, who said inflation risks may warrant the central bank to begin raising interest rates next year. Commodities like copper slumped while the dollar touched a two-month high and cryptocurrencies were having their own fits. Here’s your markets wrap. —Margaret Sutherlin

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