U.S. stocks fell sharply on Monday as part of a global market sell-off centered around U.S. recession fears. Japan’sFears of a U.S. recession were the main culprit for the global market meltdown after Friday’s disappointing July jobs report. Investors are also concerned that the Federal Reserve is behind in cutting interest rates to bolster an economic slowdown, with the central bank choosing instead to keep rates at the highest in two decades last week.
“STOCK MARKETS ARE CRASHING, JOBS NUMBERS ARE TERRIBLE, WE ARE HEADING TO WORLD WAR lll, AND WE HAVE TWO OF THE MOST INCOMPETENT “LEADERS” IN HISTORY,” TrumpAugust 5, 2024 Wendell Husebo is a political reporter with Breitbart News and a former RNC War Room Analyst. He is the author ofReport: John Fetterman Concerned Harris Will Select Shapiro as VPU.S. Stocks Plunge as Recession Fear Takes Hold‘I Cured the Economy,’ Joe Biden Said Days Before Global Market RoutOhio Sen. Sherrod Brown to Skip DNC, Will Not Campaign with Kamala HarrisL.A.