- US stocks fell for a fourth session as traders weighed the Federal Reserve's policy path for next year, following central bank officials' pledge to keep raising rates until they are confident inflation is falling meaningfully.
- The S&P 500 closed at its lowest level in more than a month, dragged by declines in big-tech firms. The tech-heavy Nasdaq 100 slid 1.4%. treasuries fell, led by longer-dated securities, as traders speculated about the potential for a hawkish pivot from the Bank of Japan. The benchmark 10-year yield rose the most since October. The dollar wavered as investors weighed the Fed's rate outlook ahead of fresh economic data this week.
- Investors are still on the edge after recent remarks from the fed and other hawkish central banks across the globe. Risk assets have suffered since US policymakers signaled a peak rate that was higher than market expectations last week.
