Stocks falter after sell-off pushes S&P 500 into bear market

Investors wait to hear from Fed, which is poised to render rate decision Wednesday

By Taylor Telford

and

Hamza Shaban

Updated June 14, 2022 at 5:34 p.m. EDT|Published June 14, 2022 at 8:37 a.m. EDT

A trader works on the floor of the New York Stock Exchange on Monday. (Eduardo Munoz Alvarez/AP)

5 min

U.S. stocks slid further Tuesday, a day after intensifying inflation fears spurred a dizzying sell-off that shoved the S&P 500 into bear market territory.

The Federal Reserve’s policy meeting Tuesday and Wednesday remains center stage, as the central bank is expected to again raise interest rates in an effort to tamp down surging prices. The Fed had long been expected to raise rates by half a percentage point, but a JPMorgan Chase research note issued Monday raised speculation that the Fed could move even more aggressively and go with three-quarters of a percentage point, or more. The note suggested that a sense of urgency could be taking hold at the central bank.