# Stocks slide as strong economic data raise interest rate worries - Los Angeles Times

> US stocks slid after economic reports, including a stronger-than-expected manufacturing reading, raised expectations that the Federal Reserve would keep raising interest rates aggressively. Investors also weighed high inflation, war in Ukraine and COVID-19 restrictions in China.

- Date: 2022-06-02 · published 2022-06-02T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/12861-stocks-slide-as-strong-economic-data-raise-interest-rate-worries-los-angeles
- Commodities: [TSP](https://feedsoft.ai/c/TSP.md)

## Why it matters

Expectations of aggressive Fed tightening strengthen the dollar and raise financing costs, which can weigh on commodity prices and farm credit.

## Sources

- latimes.com: https://www.latimes.com/business/story/2022-06-01/stocks-slide-as-strong-economic-data-raises-rate-worries

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.