Stock markets plunge on Fed’s plan for future rate cuts

Biztoc.com - December 18, 2024

Stock markets plunge on Fed’s plan for future rate cuts

By Stan Choe | Associated Press 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 furthe…

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