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What Drove Stock Market Volatility Higher Last Week?

What Drove Stock Market Volatility Higher Last Week?

Equity indexes around the globe fell last week, halting their multi-week gaining streak. The key reason was the rout in the equity market, fueled by concerns about rising interest rates that could increase borrowing costs. The Fed left interest rates unchanged at last week’s meeting, but a hawkish statement that followed the meeting made the markets realize the approaching hazard of rising rates.