Why did markets fall after Fed meeting and Powell’s remarks?

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Euronews (English)

Signs of a challenging day in financial markets were already evident as yesterday’s session opened in New York. The downward momentum was initially driven by disappointing quarterly earnings from technology powerhouses Alphabet and AMD, both of which are at the forefront of artificial intelligence innovation. Yet, it was the Federal Reserve’s actions and Chairman Jerome Powell’s comments that precipitated Wall Street’s most tumultuous day since September 2023. The decision to keep interest rates steady at 5.25%-5.5% wasn’t the main story, as it was largely expected by market participants. Inst…

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