Stocks Plunge as Fed Forecasts Fewer Rate Cuts Next Year

The Federal Reserve cut rates for a third time this year, but investors shuddered at revised forecasts suggesting only two cuts in 2025. Banking and Financial Institutions, Regulation and Deregulation of Industry, Government Bonds, United States Economy, Standard & Poor’s 500-Stock Index, Federal Reserve System The Federal Reserve cut rates for a third time this year, but investors shuddered at revised forecasts suggesting only two cuts in 2025. NYT > Business