Dec 19, 2024 02:44 AM IST
All three major indices ended lower after the Fed revised its forecast to just two interest rate cuts next year, with Dow dropping 2.6%, or over 1,100 points.
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.
(This is a developing story. Please check back for updates)
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