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Stock Market Today: Stocks Slide, Bonds Yields Jump, As Fed Looms

U.S. equity futures moved lower Monday, following on from their biggest weekly decline in three months, as investors braced for a key Federal Reserve rate decision that is likely to be echoed by major central banks in Europe and Asia.

While investors have long-anticipated another jumbo rate hike from the Fed this week, and particularly after a hotter-than-expected August inflation report, growing concern over the impact of central bank tightening on the broader global economy has added a new dimension to this week’s slate of rate decisions.

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