Japan’s Nikkei slumps to 2-week trough on Fed rate-hike angst
The U.S. S&P 500 tumbled 3.37% on Friday and the tech-heavy Nasdaq dropped 4.1%. S&P 500 and Nasdaq futures indicated further losses for Monday, slipping 0.87% and 1.22%, respectively.Traders ramped up bets for another super-sized 75 basis-point rate hike at the Federal Open Market Committee's next meeting on Sept. 20-21 to 70.5%.