Analysts weigh in on market selloff By Investing.com

Category: Finance

US stock futures fell sharply amid a global selloff driven by fears of a delayed Federal Reserve response to a slowing economy. Key indices in the US and Asia experienced significant declines, with recession indicators emerging from recent job market data. Economists are now estimating a 50% chance of a U.S. recession, prompting expectations of potential rate cuts by the Fed. Analysts express skepticism about future earnings growth, suggesting that the current market conditions may lead to lower equity valuations.

Keywords: Stock Market, Federal Reserve, Recession

Source: Investing.com

Update At: 8/5/2024

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