Global stocks are starting the week sharply lower, as concerns about tighter monetary policy and rising bond yields halt two months of calm summer trading. Some Fed members have been trying to convince markets that the September meeting would be "live" for a hike, even though futures only imply a one-in-four chance of a move. The sea of red follows Friday's sell-off of all three major U.S. indices, which posted their biggest losses since Brexit.
Economy
With signals from the Fed jolting financial markets, traders will be closely watching the last of Fedspeak today before the Sept. 20-21 policy meeting. The remarks from Fed governor Lael Brainard and Atlanta Fed President Dennis Lockhart will be the last comments ahead of the central bank's self-imposed week of silence. Fed Governor Daniel Tarullo said Friday he wouldn't rule out the possibility of a rate hike.
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