S. economy. On Wall Street, the S&P 500 fell 3 percent, its sharpest daily decline since September 2022.The Fed is expected to start cutting rates, which are at a more-than-two-decade high, later ...
It was only the central bank’s second rate increase since 2007. After years in which policymakers kept interest rates low to try to boost prices and consumption, inflation has risen to levels at which...
A stronger yen also undercut some global investments made when the currency was cheaper, acting as a catalyst to wider selling across markets already nervous that stock prices had risen too high, too ...
S. But as the strength of the dollar this year began to ebb, profits from that trade also started to reverse course.While the chain reaction of a strengthening Japanese currency and declining stocks s...