Why the stock market is suddenly freaking out

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Why the stock market is suddenly freaking out

The narrative on Wall Street is shifting.

Traders have long placed their bets on the Federal Reserve cutting rates in September, and Fed Chair Jerome Powell basically

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That

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, expected in six weeks, was priced in to stocks, which have been rising over the past few months in hopes of a cut. Rate cuts tend to juice stocks, because they lower borrowing costs for businesses and can help boost profits.

But now, ***** is starting to take hold, as concerns mount that the Fed may not be acting quickly enough to keep America’s job market in good shape.

Powell warned Wednesday that

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On Thursday, the stock market underwent a bit of a reset, with the

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as America may be entering a new phase of the economy — a slowdown in hiring. The broader

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1.5% and the tech-heavy Nasdaq Composite dropped a stunning 2.5%.

It’s been a turbulent few weeks for markets, as some earnings reports have underwhelmed and ***** about increased regulation of tech and lackluster AI performance have soured investors’ moods. Companies have reported US consumers have pulled back from restaurants and retailers, and this week

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But America’s economy ******** undeniably strong. A report last week on

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the broadest measure of the US economy, was particularly robust, showing consumer spending resilience. Housing data is starting to show some signs of improvement, including mortgage rates tumbling to their lowest levels since February on Thursday. And Wall Street seems unfazed by

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surprise frontrunner status for the Democratic presidential nomination.

Look for more of this bumpiness over the next few months as economists and investors sort out what may be a new phase in America’s economic growth story.

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#stock #market #suddenly #freaking

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