Stocks are falling on recession fears as Santa rally hopes fade By Investing.com

was down 1.3%. The indexes were heading toward their second straight weekly decline and the first negative December in four years.

The gloomy holiday mood is being stoked by fears about the Federal Reserve's aggressive actions to stop inflation in its tracks, with the help of other central banks around the world. The Bank of England and the European Central Bank joined it in saying rates would stay higher for longer. This week, the Fed signaled it wasn’t done with raising rates and even indicated its benchmark rate would probably rise above 5% next year, which is higher than investors expected just a few weeks ago.

Now, the policy rate is expected to rise to 5.1% next year, the Fed said, a level it hasn’t reached since 2007. Gross domestic product growth is expected to slow, the Fed said, and unemployment is expected to rise.

Santa is giving the greedy wall street traders coal for Christmas.

Define Santa rally. Bet you can’t.

Santa Rally typically happens later in the year, around Christmas or after!

Will $NFLX revise earnings on potential lost of subscribers due to the failed ad tier program?

Probably falling last week but as next week MMs and Algos will create some kind of relief rally to get the hopes up.. Markets are AI driven.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Stocks are falling on fears over Fed's higher for longer rates By Investing.com*DOW DROPS 760 POINTS, U.S. STOCKS END LOWER AS FED SPARKS RECESSION FEARS You cannot taper a Ponzi🤣
Source: Investingcom - 🏆 450. / 53 Read more »

U.S. stocks extend losses amid recession fears By Investing.com⚠️BREAKING: *U.S. STOCKS EXTEND LOSSES AMID RECESSION FEARS $DIA $SPY $QQQ 🇺🇸🇺🇸 Ohhhh but what happened they did a .50 hike... Things were going to be great now nooo All good. Buy the dips No time for puts
Source: Investingcom - 🏆 450. / 53 Read more »

Stock market today: Dow falls as stocks notch two consecutive down weeks By Investing.com*WALL STREET ENDS LOWER FOR 3RD STRAIGHT DAY, LOGS WEEKLY LOSS ON RECESSION, RATE FEARS Just wanna put this out there to help anyone that didn't have much money to start trading with like I did…I HIGHLY recommend SurgeTrader. I began trading with them a while ago and they are the best out there, bar none. Try it out for a discount here:
Source: Investingcom - 🏆 450. / 53 Read more »