Apr 5, 12:55 AM

US Stocks See Biggest Drop Since Feb 13 Amid Fed Rate Cut Uncertainty

US equities saw a fluctuation in their performance following comments from Federal Reserve Chair Jerome Powell and other Fed officials. Initially, stocks traded mostly higher with Powell affirming that rate cuts are likely this year, which also led to a rise in Asian stocks and futures. However, the optimism was tempered by a Fed President's cautious stance on rate cuts, causing US indexes to fall as oil topped $90. The three major US stocks experienced their biggest daily percentage drop since February 13, attributed to the cautious approach on interest rate cuts by Federal Reserve officials and anticipation of the monthly jobs report.

#Federal Reserve #Jerome Powell #Fed #Powell #Asian #US

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