Wall Street on Edge After a Week of Wild Swings

Posted on AllSides August 9th, 2024
From The Left
Richard Drew/Associated Press

After a wild week in the markets that rekindled fears about the strength of the U.S. economy, investors are wondering what comes next.

Until recently, Wall Street was focused squarely on inflation, hoping that its slowdown would lead the Federal Reserve to cut interest rates, giving support to stocks. The recent havoc has added an additional consideration: the risk that markets could tank in response to signs that the economy was slowing too fast.

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https://www.nytimes.com/2024/08/09/business/stock-market-inflation.html

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