The Federal Reserve, concerned about a weakening labor market and rising unemployment, especially among minority groups, has lowered interest rates by a quarter of a percentage point. Further rate cuts are anticipated, despite persistent inflation above the Fed’s target.
South Korea’s Kospi tanks 8% despite US-Iran war optimism. Here are 4 reasons why
The benchmark Kospi plunged 551 points, or 8.1%, to 6,2505. The steep decline triggered “sidecar” trading curbs on both the Kospi and the junior Kosdaq