Dow tumbles 1,100 points after Fed hints at just two rate cuts for 2025
NEW YORK —
U.S. stocks sank to their second-worst loss of the year after the Federal Reserve signalled that it may deliver fewer interest rate cuts in 2025 than earlier thought. The S&P 500 dropped 2.9 per cent Wednesday to pull further from its all-time high set a couple weeks ago. The Dow Jones Industrial Average sank more than 1,100 points, and the Nasdaq composite dropped 3.6 per cent. Read More
