Wall Street’s new era is off to rocky start as Fed sows doubts
- Posted on September 19, 2024
- By Business News Today
- 2 Views
Wall Street’s new era is off to rocky start as Fed sows doubts
Jerome Powell's significant interest-rate cut initially boosted stocks and bonds, but gains faded as economic realities set in. Despite the aggressive move, market clarity remains elusive with stock prices near record highs and a slowing economy. The Fed's future rate cuts are uncertain, causing concern among traders.