Existing home sales in the United States had their worst month in more than three years. And the International Monetary Fund warned that trade spats threaten to make slowing global economic growth even slower. The Dow, which had already been down 300 points, fell another 100 points on the report. And Tuesday, the National Association of Realtors reported sales of existing US homes fell by 6.4% last month. It could continue raising rates to fight inflation or slow its rate-hike campaign to avoid stalling an economic growth period apparently on its last legs.

Source: CNN January 22, 2019 17:40 UTC