U.S. stock indexes suffered their worst session of the year Tuesday, dragged down by a disappointing forecast from Home Depot and growing concerns that the Federal Reserve will keep interest rates higher for longer.
After rallying sharply to kick off 2023, stocks have stumbled in recent weeks as hot economic data have made investors anxious about the trajectory of U.S. monetary policy.
The trouble with Capitalism is sooner or later you run out of working people's money and slave labor.
These concerns are based on multiple, repeated statements from the Fed chairman that he was planning on raising rates higher and keeping them there longer. For some reason many investors thought he was being sarcastic.
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