Reported 2 months ago
Global markets are experiencing significant turmoil following the Federal Reserve's decision to maintain interest rates, leading to a sharp drop in stock prices worldwide. Investors' faith in Jerome Powell's ability to achieve a soft landing for the economy is waning amidst rising unemployment claims and disappointing manufacturing data. The Fed's inaction has prompted concerns that it may have missed its opportunity to prevent a deeper economic slowdown, resulting in a sell-off, particularly in tech stocks.
Source: YAHOO