US stocks fall as investors assess outlook for rates and mull impact of Russia rebellion
US stocks fell on Monday, as traders assessed the outlook on interest rates and tried to shrug off the Wagner mercenary group's brief mutiny against Russian President Vladimir Putin over the weekend.intraday Monday before paring losses, as the attempted rebellion shook the confidence of Russian currency holders.
Meanwhile, investors see a high likelihood that the Federal Reserve will continue to raise interest rates in the economy to lower inflation, which could weigh on asset prices. the Fed will hike rates another 25 basis points at its next policy meeting in July, up from a 52% chance a month ago.
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