Drew Angerer/Getty Images |
- In recent weeks, the US stock market has experienced intense volatility driven by rising interest rates, inflation, and Russia’s war in Ukraine. [CNN / Nicole Goodkind]
- The S&P 500 fell 0.5 percent by Tuesday afternoon, the Dow Jones Industrial Average fell 1 percent, and Nasdaq fell 0.3 percent. The indexes sank to their lowest level this year on Monday. [CBS News]
- President Biden renewed a pledge Tuesday to fight inflation, but his options may be limited. [Washington Post]
- The Federal Reserve began hiking interest rates to curb record inflation in March. But the move spooked investors who worry the hikes could lead to a economic slowdown or recession. [Vox / Emily Stewart]
- Once considered a hedge against market volatility, cryptocurrencies are also down. Bitcoin has lost nearly 55 percent of its value from its peak in November. [CNBC / Mackenzie Sigalos]
- There is some positive news: Wednesday, economists expect the Bureau of Labor Statistics to report a slight slowdown in inflation from a 40-year high reached in March. [Yahoo Finance / Emily McCormick]
|
|
|
