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Major stock indices saw significant declines following the Federal Reserve's latest announcement, highlighting persistent inflation worries and a cautious approach to rate cuts. The central bank revealed expectations for only two rate reductions in 2025, dampening investor sentiment.
The Dow Jones Industrial Average plunged by 1,123 points, marking its steepest drop this year and the longest losing streak since 1974. Analysts attribute the sell-off to growing unease over the Fed's cautious stance, which suggests a slower-than-anticipated monetary easing process.
