Derived from Finbold, on December 18, the stock market experienced a significant downturn, losing approximately $1.5 trillion in value. Major indices like the S&P 500 and Russell 2,000 saw substantial declines, erasing post-election gains. The cryptocurrency market also faced losses, with Bitcoin experiencing a $7,000 swing. The market volatility followed the Federal Open Market Committee meeting, where a 25 basis points interest rate cut was announced. However, the Federal Reserve's caution about fewer future cuts and an upward revision of the inflation outlook to 2.5% led to investor concerns. This has sparked fears of a potential inflation crisis in the coming years.
Stock Market Loses $1.5 Trillion Amid Federal Reserve Announcements
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