Wall Street ends down as traders see no rate cuts before 2027

Wall Street ends down as traders see no rate cuts before 2027

The Straits Times - Business·2026-03-20 06:00

NEW YORK - Wall Street ended lower on March 19, with declines in Micron Technology and Tesla, as worries about inflation stemming from soaring oil prices left investors pessimistic about the potential for future interest rate cuts.

Investors focused on warnings by Federal Reserve chair Jerome Powell on March 18 that the economic outlook remains uncertain amid a US-Israeli war with Iran that has sent energy prices soaring and created fears of inflation. The Fed left rates unchanged, as expected.

……

Read full article on The Straits Times - Business

Other