ABOUT FUTURE CUTS.. THAT CAUSED STOCKS TO PLUMMET. WMUR’S MARISSA TANSINO IS HERE WITH WHAT FINANCIAL EXPERTS SAY YOU SHOULD BE DOING. THE DOW FELL MORE THAN ONE THOUSAND POINTS…THE LARGEST DROP FOR THE INDEX SINCE AUGUST… AND THE TENTH CONSECUTIVE DAY OF LOSSES FOR THE DOW. THATS ITS LONGEST LOSING STREAK SINCE 1974. THE FEDERAL RESERVE ANNOUNCED TODAY ITS CUTTING INTEREST RATES A QUARTER OF A PERCENTAGE POINT. THE FED SAID IN THE FALL IT INTENDED TO START ROLLING BACK ON ITS EFFORT TO FIGHT INFLATION.. AND SINCE THEN… HAS CUT RATES THREE TIMES. BUT IT ALSO NOTED THIS COULD BE THE LAST CUT FOR A WHILE. THE CENTRAL BANK SAYING ITS LOWERING EXPECTATIONS FOR CUTS NEXT YEAR. AND INVESTORS WERE EXPECTING SEVERAL CUTS NEXT YEAR.. EXPERTS SAY THOSE LOWERED EXPECTATIONS FROM THE FED ARE WHATS CAUSING THE MARKET TO PULL BACK.. BUT STILL, FINANCIAL EXPERTS SAY A CHANGING STOCK MARKET IS HEALTHY… ADDING CONSUMERS SHOULD TAKE ADVANTAGE OF THIS AS BEST THEY CAN. Stock Market plunges as Federal Reserve lowers rate cut expectations for next year The stock market plunged Wednesday, just hours after the Federal Reserve announced a quarter-point interest rate cut. The Dow fell more than 1,000 points, marking its largest drop for the index since August. This is the Dow’s tenth consecutive day of losses, the longest since 1974.In the fall, the Fed said it intended to start rolling back on its effort to combat inflation. Since then, it has cut rates three times, with officials suggesting Wednesday’s cut may be the last for a while.>> Download the free WMUR app to get updates on the go: Apple | Google Play < MANCHESTER, N.H. — The stock market plunged Wednesday, just hours after the Federal Reserve announced a quarter-point interest rate cut. The Dow fell more than 1,000 points, marking its largest drop for the index since August. This is the Dow’s tenth consecutive day of losses, the longest since 1974. In the fall, the Fed said it intended to start rolling back on its effort to combat inflation. Since then, it has cut rates three times, with officials suggesting Wednesday’s cut may be the last for a while. >> Download the free WMUR app to get updates on the go: Apple | Google Play << The central bank said it’s lowering expectations for rate cuts next year, and investors were expecting several cuts. Experts said those lowered expectations from the Fed are what’s causing the market to pull back, and consumers should take advantage of it. “For folks out there that are still saving and still investing in the 401(k)s and IRAs, this is actually a great opportunity when you see declines in the market, and you’re putting money in on a regular basis into your 401(k). If you’re putting your money in, let’s say today, you now just invested at a lower level than you had yesterday or the week prior,” said Sean Tole from Davis Wealth Management. Next year, the Fed projects only a half-point rate cut, followed by another half-point cut in 2026.
Stock Market plunges as Federal Reserve lowers rate cut expectations for next year
Dec 19, 2024
