Stocks drop sharply after Fed cuts interest rates and signals more cautious approach next year

The DOW dropped more than a thousand points despite a cut in interest rates today. Markets reacted to Fed Chair Jerome Powell indicating a slower pace of cuts than previously expected next year. NBC News' Christine Romans reports.

Topics

Stock market plummets after Fed forecasts fewer rate cuts in 2025

The stock market is down sharply today after the Federal Reserve forecast fewer interest rate cuts in 2025 than expected.
CBS News - 2h
Stocks Plunge as Fed Forecasts Fewer Rate Cuts Next Year

The Federal Reserve cut rates for a third time this year, but investors shuddered at revised forecasts suggesting only two cuts in 2025.
The New York Times - 4h
Fed cuts interest rate for third time this year as economic uncertainty looms

The Federal Reserve announced a quarter-point cut to its key interest rate Wednesday, an effort to keep stable what appears to be a steady but cooling economy.
NBC News - 8h
FirstFT: Economists expect a more cautious approach from Fed

Also in today’s newsletter, how Assad airlifted $250mn of Syria’s cash to Moscow and chipmakers Arm and Qualcomm face off in court
Financial Times - 2d
Fed charts more cautious path for rates as high prices persist

US central bank poised for another cut as it weighs risks posed by stubborn inflation
Financial Times - 2d
Will the Fed signal a pause in rate cuts?

Market Questions is the FT’s guide to the week ahead
Financial Times - 3d
Economic Data Points to Fed Rate Cut Next Week, and a Cautious 2025

Persistent inflation probably won’t stop a December rate cut, but it could affect the course of monetary policy for the next two years.
Inc. - 5d
The Fed is on course to cut interest rates in December, but what happens next is anyone's guess

Friday's jobs report virtually cements that the Federal Reserve will approve an interest rate cut when it meets later this month.
CNBC - Dec. 7
Fed’s Waller says he supports interest-rate cut at next meeting — for now

Federal Reserve Governor Christopher Waller said Monday that as of today, he supports an interest-rate cut at the central bank’s next meeting in a little over two weeks.
MarketWatch - Dec. 2

Stocks drop sharply after Fed cuts interest rates and signals more cautious approach next year

Topics

Related

Stock market plummets after Fed forecasts fewer rate cuts in 2025

Stocks Plunge as Fed Forecasts Fewer Rate Cuts Next Year

Fed cuts interest rate for third time this year as economic uncertainty looms

FirstFT: Economists expect a more cautious approach from Fed

Fed charts more cautious path for rates as high prices persist

Will the Fed signal a pause in rate cuts?

Economic Data Points to Fed Rate Cut Next Week, and a Cautious 2025

The Fed is on course to cut interest rates in December, but what happens next is anyone's guess

Fed’s Waller says he supports interest-rate cut at next meeting — for now

More from NBC News

Trump denounces massive spending bill, pushing government closer to shutdown

The moon may be more than 100 million years older than previously thought, study finds

American homeowners are wasting more space than ever before

'Murder hornet' eradicated from the U.S., officials announce

Mother of missing U.S. reporter Austin Tice asks Putin for help in finding her son