American stocks are in red.. Wado Jones records the lowest level in 2026
US stocks fell sharply on Wednesday, with the Dow Jones Industrial Average falling 700 points to its lowest level in 2026. This decline came after new US economic data, as well as comments from the Chairman of the Federal Reserve, raised concerns about the continued Inflationin the country. And in Other major US stock indices The S&P 500 fell 1.2%, while the Nasdaq Composite fell 1.3%. And keep The Federal Reserve (the US central bank) set the federal funds interest rate in a range between 3.5% and 3.75%, saying in its statement issued after the meeting that "The repercussions of developments in the Middle East on the US economy are uncertain". Federal Reserve Chairman Jerome Powell said in a press conference: "Expectations are that we will make progress in fighting inflation, not as much as we had hoped, but some progress in fighting inflation". Despite stabilizing rates, the central bank indicated that it still expects one cut this year.
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