*WALL STREET SLIPS AS INVESTORS AWAIT FED FOMC MINUTES $DIA $SPY $QQQ $IWM $VIX 🇺🇸🇺🇸
- Wall Street's main indexes slipped on Wednesday as investors awaited minutes of the Federal Reserve's June meeting for clues on the central bank's monetary policy path, while Sino-U.S. tensions and weak economic data from Beijing dented sentiment.
Bets for a 25-basis-point rate hike in July stood at 83%, while traders have priced in a 32% chance the U.S. central bank would deliver another hike by October, according to Refinitiv data. [IRPR] "Stocks have accounted for another 25 basis point rate hike when the Fed meets later this month, but a lot of people are divided on whether or not there's going to be another rate hike ."sectors fell in early trading with material shares leading declines, down 1.7%, while financials lost 0.9%.
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