Stocks slide as US central bank signals slower pace of rate cuts

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The story "Stocks slide as US central bank signals slower pace of rate cuts" was covered 4 days ago by BBC Business, a news publisher based in United Kingdom.

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BBC Business Logo BBC Business 4d ago

Stocks slide as US central bank signals slower pace of rate cuts - BBC Business

Quick Summary:

The Federal Reserve warned it would be cautious about more interest cuts in the face of inflation concerns.

Analysts have also warned that policies backed by president-elect Donald Trump, including plans for tax cuts and widespread import tariffs, could put upward pressure on prices.

Wednesday's rate cut - formally opposed by one Fed policymaker - is the last by the central bank before president-elect Donald Trump takes office.