Reported 12 days ago
Wall Street reacted sharply after the Federal Reserve announced its third consecutive interest rate cut, indicating that future reductions may be limited due to persistent inflation. While the market expected more cuts, investors began selling off riskier assets, leading to a significant drop in stock prices, particularly among small-cap stocks. Analysts suggest the market overreacted to the Fed's announcement, which has raised concerns about stock valuations in light of potential higher rates and inflation.
Source: YAHOO