Rate “Rate decision fallout: S&P 500, Nasdaq stumble after Fed announcement”
In New York City, investors were left reeling as the S&P 500 and Nasdaq both closed in the red following the Federal Reserve’s latest rate decision and Jerome Powell’s press conference. The market reacted cautiously to the Fed’s decision to keep rates steady, citing a lack of progress on inflation. Many analysts were closely watching the Fed’s announcement, with some speculating on the possibility of a rate cut amidst concerns about rising inflation. The decision …