Ahead of this week's meeting of the Federal Open Market Committee, investors were not only waiting for the Fed's interest rate decision, but also hoping for some reassurance with respect to the economy's broader trajectory. The Trump administration's controversial trade policy along with sticky inflation and signs of weakening consumer spending have contributed to a reversal of confidence in the economic outlook, reigniting fears of a recession or a period of stagflation. This has resulted in a sharp market downturn in recent weeks, that saw the S&P 500 briefly slide into correction territory as the tech sector in particular suffered from investors' waning confidence.

[...]

🔗 statista.com