Federal Reserve Halts Rate Cut Expectations, Impacting Global Markets

The Federal Reserve’s hawkish stance has significantly impacted global markets, dashing hopes for a December rate cut and leading to declines in equities and cryptocurrency prices. Officials signaled their commitment to controlling inflation through monetary policy tightening, leading to increased market volatility and reduced liquidity. This shift has particularly affected tech and AI stocks, while cryptocurrencies like Bitcoin have experienced significant price drops.