The three major US indexes continue to fall

The three major US indexes continue to fall in today's future market. Already fell more than 1% on night market.

The reason for this decline in the U.S stock market was due to the FED's expectation that after raising interest rates by 0.5%, inflation will peak at 8.5% and start to adjust but the consumer price index (CPI) announced on Friday was 8.6%, which suggested the inflation have not yet peaked. Therefore, the three major U.S. stock indexes fell nearly 3% last Friday. 

At the same time, due to the inflation problem, the market is not optimistic about the prospect of the US market. Which lead to the bond yield on short-term treasury bonds rising more than the yield of long-term treasury bonds rose; the yield of two-year treasury bonds rose by 8 basis points to 3.14%, which made the overall yield of U.S. treasury bonds more horizontal than a curve. 

The Federal Reserve is implementing the most rapid monetary tightening policy in decades. However, many economists suggest that the current pace of interest rate hikes cannot control inflation. Therefore, the Fed's FOMC interest rate decision on Thursday is very important, because the current market environment is very sensitive to the Federal Reserve's decision on interest rates policy. If the Fed decides to increase the scale of interest rate hikes, it may cause the stock market to fall sharply again.