The Dow Jones Industrial Average fell more than 1,100 points Wednesday. Earlier in the day, the Federal Reserve lowered its benchmark rate a quarter-point. However, the precipitous drop in stock markets came after Federal Reserve Chairman Jerome Powell’s remarks that the Fed may not slash rates in 2025 as much as had initially been projected. Kelly O’Grady explains.
Dow plunges after Powell’s comments on rate cuts
Date:
More like thisRelated
RRB ALP Recruitment 2025: Apply for 9,970 vacancies from April 12; check selection process and other details here
The RRB ALP Recruitment 2025 application process for 9,970...
‘Gauti (Gautam Gambhir) bhai has helped me understand my potential’
Washington Sundar, a versatile all-rounder, faces the challenge of...
Apple is left without a life raft as Trump’s China trade war intensifies, analysts warn
Apple remains stranded without a life raft, experts say,...