Reported about 23 hours ago
This week marked significant losses for Wall Street, the largest since the Federal Reserve began its monetary tightening in 2023, raising concerns about the implications for the economy. Factors such as tariffs and slowing growth contribute to fears that decreased market wealth may diminish consumer spending. With equity holdings comprising a large portion of household wealth, analysts warn that prolonged market downturns could negatively impact economic expansion, emphasizing the close relationship between stock performance and consumer confidence.
Source: YAHOO