US Stock Markets Plunge as Federal Reserve Signals Fewer Rate Cuts in 2025
The US stock market witnessed one of its worst days in 2024 as the Federal Reserve hinted at fewer interest rate cuts in 2025 than previously anticipated. The major indices, including the Dow Jones Industrial Average, the S&P 500, and the Nasdaq composite, fell sharply on Wednesday following the announcement. The S&P 500 tumbled 2.9%, edging close to its worst performance of the…