Reported 2 days ago
Stocks plummeted after the Federal Reserve cut its interest rate to 4.25%-4.5% and projected only two cuts for next year, a significant reduction from four. Analysts mostly view the market's reaction as exaggerated, emphasizing that the economy remains strong and the recent sell-off could present a buying opportunity for investors. Some predict the Fed will likely reverse its hawkish stance if the labor market weakens, while others stress the importance of focusing on technological advancements and regulatory improvements in the coming years.
Source: YAHOO