S&P 500 Falls 1% at End of Worst Month This Year

What You Need To Know

• The S&P 500 broke below 5,100, and is poised to halt a streak of five straight monthly gains.
• Equities are on track for their worst month since September on speculation the Fed will keep rates unchanged at a two-decade high on Wednesday.
• Sticky U.S. inflation isn't necessarily bad news for the stock rally as higher yields are a reflection of strong economic growth, according to HSBC strategists.