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- US stocks rose on Wednesday as investors await the release of minutes from the Federal Reserve's last FOMC meeting.
- Investors will be looking for clues on the trajectory of future interest rate hikes.
- A surge in bond yields on Tuesday sparked a 2% sell-off in the S&P 500, the worst since mid-December.
US stocks edged higher on Wednesday as investors await the release of minutes from the Federal Reserve's last FOMC meeting.
Investors will look for clues on the trajectory of future interest rate hikes. In recent weeks, hot inflationary data has led to ramped-up expectations that the Fed will hike lift by another 50 basis points, at least.