New York, Dec 18, 2024 (AFP) - US stocks tumble as Fed eyes fewer 2025 rate cuts, Dow -2.6%

NAMPA / AFP

2024-12-18

Wall Street stocks tumbled Wednesday after the Federal Reserve lowered interest rates but also slashed the number of 2025 rate cuts in its forecast. All three major indices finished firmly lower after the Fed projected just two interest rate cuts next year, down from four. The Dow slid 2.6, or more than 1,100 points. jmb/bjt ...

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