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Message: <blockquote data-quote="ibnanv" data-source="post: 23732922" data-attributes="member: 218596"><img src="https://www.elakiri.com//www.elakiri.com//cdni.rt.com/files/2018.10/article/5bbf2d2cfc7e9309748b4598.JPG" alt="" class="fr-fic fr-dii fr-draggable " style="" /><img src="https://cdni.rt.com/files/2018.10/article/5bbf2d2cfc7e9309748b4598.JPG" alt="" class="fr-fic fr-dii fr-draggable " style="" />           The US market meltdown will likely continue on Thursday as key  US indices are down sharply in pre-market trading. The Dow Jones fell  more than 800 points in the previous session.       As of 10:00 am GMT, Dow  futures plunged 238 points, futures on the S&P 500 sank 22.5 points,  while Nasdaq futures were down 49.5 points.The sell-off on Wednesday was triggered by a depreciation in US  Treasury bonds earlier this week. The benchmark 10-year Treasury yield  surged to a seven-year high on Tuesday and the 30-year bond yield jumped  to its highest since 2014.Concerns about US Federal Reserve  interest rates are also worrying investors. The Fed policy has been  criticized by President Donald Trump.“I like low interest rates,” said Trump, adding that the Fed “has gone crazy,” and that the Fed was ‘going loco’ about rising rates.The  US Federal Reserve raised rates on September 26 for the third time this  year and the seventh time since Trump was elected. The International  Monetary Fund chief Christine Lagarde said on Thursday that she “would not associate” US Federal Reserve Chairman Jerome Powell “with craziness.”“One  thing that people can count on is that when interest rates go up it can  throw a cold towel on an overheating economy and that’s what it looks  like is happening now,” Sandy Villere, portfolio manager at Villere & Co in New Orleans, told Reuters.Stock  markets across the globe followed the sell-off in the US. Japan’s  Nikkei, China’s Shanghai Composite, and markets in Europe are all down  sharply on Thursday.</blockquote>

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