BREAKING NEWS: Dow Plunges 1,100 Points: First 10-Day Losing Streak Since 1974

The U.S. central bank reduced its overnight borrowing rate by a quarter point to a target range of 4.25% to 4.5%, as expected.However, new quarterly forecasts showed several officials penciled in fewer rate cuts for next year than they estimated just a few months ago, and saw inflation making considerably less progress in 2025.The Nasdaq 100 fell 3.6% and the S&P 500 sank nearly 3%The two-year Treasury yield, which is highly sensitive to Fed policy, surged 10 basis points to 4.34%U.S. dollar jumped more than 1% against a basket of six peers to the highest level since November 2022 Hosted on Acast. See acast.com/privacy for more information.