The recent stock market selloff was due to the U.S. Federal Reserve saying that the domestic economy faces some serious challenges over the next year. The central bank didnt take much in the way of new policy action, because there isnt much left their toolbox. Interest rates cant go much lower; therefore, the economy is on its own.
I pretty much have the expectation that the U.S. economy is likely to produce little to no growth in gross domestic product (GDP) in the next two quarters. Investors, who already sold stocks after reducing their expectations for the future, have now had to do the same thing again.
I pretty much have the expectation that the U.S. economy is likely to produce little to no growth in gross domestic product (GDP) in the next two quarters. Investors, who already sold stocks after reducing their expectations for the future, have now had to do the same thing again.
