News Formal

US Stocks Plunge After Fed Signals Fewer Rate Cuts

  • 📰 OakTribNews
  • ⏱ Reading Time:
  • 27 sec. here
  • 7 min. at publisher
  • 📊 Quality Score:
  • News: 31%
  • Publisher: 51%

Business 뉴스

FEDERAL RESERVE,INTEREST RATES,STOCK MARKET

US stocks experienced their second-worst loss of the year following the Federal Reserve's indication of potentially fewer interest rate cuts in 2025 than previously anticipated. The S&P 500, Dow Jones Industrial Average, and Nasdaq Composite all saw significant declines, fueled by the Fed's revised projections of only two rate cuts next year, compared to the four projected earlier.

Specialist Meric Greenbaum works on the floor of the New York Stock Exchange as the rate decision of the Federal Reserve is announced, Wednesday, Dec. 18, 2024.NEW YORK — U.S. stocks sank to their second-worst loss of the year after the Federal Reserve signaled that it may deliver fewer interest rates cuts in 2025 than earlier thought. The S&P 500 dropped 2.9% Wednesday to pull further from its all-time high set a couple weeks ago.

“We are in a new phase of the process,” Fed Chair Jerome Powell said after the central bank quickly eased its main interest rate by a full percentage point to a range of 4.25% to 4.50% since September. One official, Cleveland Fed President Beth Hammack, thought the central bank should not have even cut rates this time around. She was the lone vote against Wednesday’s rate cut.

Real-estate owners in the S&P 500 fell 3.6%, for example, for one of the largest losses among the 11 sectors that make up the index.

이 소식을 빠르게 읽을 수 있도록 요약했습니다. 뉴스에 관심이 있으시면 여기에서 전문을 읽으실 수 있습니다. 더 많은 것을 읽으십시오:

 /  🏆 597. in KR
 

귀하의 의견에 감사드립니다. 귀하의 의견은 검토 후 게시됩니다.

대한민국 최근 뉴스, 대한민국 헤드 라인

Similar News:다른 뉴스 소스에서 수집한 이와 유사한 뉴스 기사를 읽을 수도 있습니다.

Stocks Plunge as Fed Signals Slower Rate Cuts, Inflation ConcernsMajor stock indices fell sharply on Wednesday as the Federal Reserve indicated a slower pace of interest rate cuts for 2025, raising concerns about persistent inflation.
출처: NBCNews - 🏆 10. / 86 더 많은 것을 읽으십시오 »

Stocks Plunge as Fed Signals Fewer Rate Cuts in 2025U.S. stocks experienced a significant downturn following the Federal Reserve's announcement of a potential decrease in interest rate cuts for 2025 compared to previous projections. The S&P 500, Dow Jones Industrial Average, and Nasdaq Composite all saw notable losses, driven by investor unease regarding the Fed's revised outlook.
출처: CBSNews - 🏆 87. / 68 더 많은 것을 읽으십시오 »

Asia stocks rally on Fed cut bets; Aussie jumps on jobs dataAsia stocks rally on Fed cut bets; Aussie jumps on jobs data
출처: Investingcom - 🏆 450. / 53 더 많은 것을 읽으십시오 »

Asia stocks fall ahead of Fed meet, China shares slump as CEWC updates disappointAsia stocks fall ahead of Fed meet, China shares slump as CEWC updates disappoint
출처: Investingcom - 🏆 450. / 53 더 많은 것을 읽으십시오 »

Fed rate view in focus as robust stocks year draws to closeFed rate view in focus as robust stocks year draws to close
출처: Investingcom - 🏆 450. / 53 더 많은 것을 읽으십시오 »