Federal Reserve's Misguided Rate Hikes Spark Historic Market Selloff
AI Summary1 min read
TL;DR
The Federal Reserve's December rate hikes, seen as a mistake, reversed November's rate cut expectations and triggered a historic market selloff, alarming investors.
The Federal Reserve's decision to raise interest rates in December has led to a historic selloff in markets, with some attributing the move to a "big mistake". Despite a clear path for rate cuts in November, the Fed's reversal has caused concerns among investors, leading to a significant downturn in the stock market.
