Reported 3 days ago
The stock market saw significant losses on Wednesday following the Federal Reserve's decision to cut interest rates by 25 basis points, while indicating fewer rate cuts are expected in 2025. The Dow Jones experienced its longest losing streak since 1974, dropping over 2.6%, while both the S&P 500 and Nasdaq also faced declines. Fed Chair Jerome Powell mentioned that the decision reflects higher inflation expectations and a cautious approach moving forward, leading many investors to reassess their strategies amid volatile market conditions.
Source: YAHOO