Wall Street Overnight
* Stocks fell for a second day ahead of the Federal Reserve's interest rate decision
- Yield on the 10-year US Treasury note hit 5.04%, its highest level since 2007 as investors price in a likely hike in US interest rates
* Investors overwhelmingly expect the Federal Reserve to raise interest rates by 25 bps amid persistently high inflation
* inflation has now remained above the Federal Reserve's 2% target for more than five years, with the war in the Middle East serving as the latest driver of higher price #FedRateWatch
* Stocks fell for a second day ahead of the Federal Reserve's interest rate decision
- Yield on the 10-year US Treasury note hit 5.04%, its highest level since 2007 as investors price in a likely hike in US interest rates
* Investors overwhelmingly expect the Federal Reserve to raise interest rates by 25 bps amid persistently high inflation
* inflation has now remained above the Federal Reserve's 2% target for more than five years, with the war in the Middle East serving as the latest driver of higher price #FedRateWatch