Markets Worry Fed Rate Hikes to Persist as China Economy Falters
- Chinese economic indicators disappoint, with industrial output, retail sales, and new home prices weaker than expected.
- Evergrande files for bankruptcy protection in the U.S., highlighting China's property sector woes.
- Fed minutes show officials still see inflation as too high, indicating further rate hikes may be needed.
- Higher Treasury yields pressure stocks and raise mortgage rates to multi-year highs.
- Market analysts urge caution as risks of prolonged tight monetary policy and China contagion loom.
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