Stocks plunge following Fed inflation projections

Major stock indices plunged Wednesday after the Federal Reserve signaled a slower pace of interest rate cuts for 2025 than previously forecast, renewing concerns about how fast inflation would fall.

Topics

News updates from December 18: Fed cuts rates but ‘hawkish’ forecast hits stocks; UK inflation accelerates in November

Financial Times - 1h
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 - 1h
UnitedHealth stock has plunged since Brian Thompson’s murder. The CEO now is calling for healthcare reform.

UnitedHealth’s chief executive on Friday called for the healthcare system to be overhauled, following the emotional and angry reaction many had to the murder of one of the company’s senior executives.
MarketWatch - 5d
Cryptocurrencies rally, with bitcoin retaking $100,000 following November inflation data

Bitcoin jumped Wednesday, following two days of digestion after its recent rally to $100,000.
CNBC - Dec. 11
Inflation Ticks Up, but Details Are Encouraging for the Fed

Inflation sped up last month, but the details suggested cooling ahead. Next week, the Fed will make its final rate decision for 2024.
The New York Times - Dec. 11
Why the Fed Will Cut Rates Even Though Inflation Hasn’t Budged

Everyday Americans still expect sticky inflation in the coming years.
Inc. - Dec. 11
Inflation threatens Fed rate-cut expectations once again. Here’s why.

With investors looking toward Friday’s November nonfarm-payrolls report, market participants see the potential that it could be overshadowed by an entirely different set of data: next Wednesday’s ...
MarketWatch - Dec. 4
Fed Chair Jerome Powell Says Inflation Is a ‘Little Higher’ Than Expected

Jerome H. Powell, the chair of the Federal Reserve, said it was too early for the central bank to start reacting to the tariffs that President-elect Trump had been promising.
The New York Times - Dec. 4
Top Fed official warns progress on taming US inflation ‘may be stalling’

Governor Christopher Waller says he still supports a December interest rate cut barring a surprise in the economic data
Financial Times - Dec. 2

Stocks plunge following Fed inflation projections

Topics

Related

News updates from December 18: Fed cuts rates but ‘hawkish’ forecast hits stocks; UK inflation accelerates in November

Stocks Plunge as Fed Forecasts Fewer Rate Cuts Next Year

UnitedHealth stock has plunged since Brian Thompson’s murder. The CEO now is calling for healthcare reform.

Cryptocurrencies rally, with bitcoin retaking $100,000 following November inflation data

Inflation Ticks Up, but Details Are Encouraging for the Fed

Why the Fed Will Cut Rates Even Though Inflation Hasn’t Budged

Inflation threatens Fed rate-cut expectations once again. Here’s why.

Fed Chair Jerome Powell Says Inflation Is a ‘Little Higher’ Than Expected

Top Fed official warns progress on taming US inflation ‘may be stalling’

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