Money and business
Wall Street Stock Exchange.. American stocks record the second worst decline in 2024
US stocks recorded their second worst decline this year amid declining hopes for cutting interest rates during 2025, and the Dow Jones index fell by 1,100 points.
At the beginning of Wednesday’s trading, Souq shares stabilized, awaiting the issuance of the US Federal Reserve’s (central bank) decision regarding interest rates, and any indicators regarding interest trends over the next year.
At the beginning of Wednesday’s trading, Souq shares stabilized, awaiting the issuance of the US Federal Reserve’s (central bank) decision regarding interest rates, and any indicators regarding interest trends over the next year.
Interest rates
The Reserve Board cut interest rates by 25 basis points for the third time this year, in a move in line with expectations.
The Monetary Policy Committee of the US Federal Reserve decided to reduce interest rates by a quarter of a percentage point, to range between 4.25% and 4.50%.
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