Reported 3 days ago
The Federal Reserve's announcement of a 25 basis point rate cut on December 18, 2024, initially sparked enthusiasm in the markets, but the lack of clarity from Chair Jerome Powell during the press conference led to a rapid sell-off in US equities, with major indices like the Dow Jones, Nasdaq, and S&P 500 all experiencing significant declines. Market analysts are now discussing expectations for future rate cuts in 2025.
Source: YAHOO