NatWest Markets head of US Michelle Girard, SlateStone Wealth chief market strategist Kenny Polcari and T3 Trading CSO Scott Redler discuss what's causing the multi-asset market sell-off on 'The Claman Countdown.'battle at the conclusion of its Wednesday meeting with an interest rate hike dramatically larger than what Wall Street expects.
By comparison, most Wall Street traders expect the U.S. central bank to approve a 75-basis point rate hike at its Wednesday meeting, which would already mark the steepest increase since 1994. That would lift the federal funds target range to 1.5% to 1.75%.
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