Fed’s Stern Message Amplifies Worries About Stock Valuations

Fed’s Stern Message Amplifies Worries About Stock Valuations

The prospect of faster-than-expected monetary tightening has rattled Wall Street, dragging the S&P 500 deeper into bear territory Tuesday and forcing investors to reassess a stock market that doesn’t look cheap even after its dramatic selloff. It has been an ugly spell in markets, reflecting concerns about how the economy will hold up as the …

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