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News  ›  Benzinga

Stocks Slide As Powell Cools Rate-Cut Hopes: These 15 Stocks Are Feeling The Pinch

Benzinga Logo Benzinga By Piero Cingari
Stocks Slide As Powell Cools Rate-Cut Hopes: These 15 Stocks Are Feeling The Pinch

Federal Reserve Chair Jerome Powell dampened market expectations for a December interest rate cut, suggesting economic uncertainty and cautioning against premature monetary policy changes. This led to stock market declines across various sectors, particularly in interest rate-sensitive industries.

Insights
AFRM   negative

Stock dropped 4.70% due to reduced expectations of interest rate cuts