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The stock market’s surge following the election of Donald Trump has been significantly reduced.
The shift occurred after Federal Reserve Chair Powell indicated a cautious approach to rate cuts.
With strong economic indicators and doubts about the need for a December rate cut, investors are reevaluating their expectations.
In a swift turn of events, much of the market gains seen post-Trump’s election have vanished.
On Friday,
The pivotal moment came on Thursday when Federal Reserve Chair Jerome Powell emphasized patience in considering rate cuts due to positive economic signals.
< p class = " y f - 1 pe 5 j gt "> Stocks declined
2024-11-16 00:10:01
Original from finance.yahoo.com
