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Hawkish Fed Minutes Drag Stocks From All-Time Highs
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The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF A record-breaking run in stocks hit a wall as still-elevated oil prices stoked concerns that potential inflationary pressures could trigger Federal Reserve interest-rate hikes. Those worries sent the S&P 500 down from an all-time high. Brent crude fluctuated around $100 as traders weighed a pickup in Iranian attacks on vessels in the Strait of Hormuz against resilient Middle East flows. Ten-year Treasuries bounced from session lows after a solid $39 billion sale, but yields remained near the highest since 2002. On today's episode: Jeff Rosenberg, Managing…