Wall St slides as economic data stokes inflation worries, Apple drags
-Wall Street stocks fell on Wednesday after stronger-than-expected services sector data fueled concerns of sticky inflation and interest rates staying higher for longer, while weakness in Apple Inc shares further weighed down the indexes.
Traders' bets that the Federal Reserve would pause hiking interest rates at its Sept. 19-20 meeting were 91%, while bets on a pause in November slipped to 46.8% from nearly 57% before the data, the CME FedWatch Tool showed.
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