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Rate hikes now will choke off the critical investments needed to lower prices.
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As bitcoin dropped to its lowest price since 2024, investors flock to a new type of crypto investment linked to the hyperliquid platforms, HYPE ETFs.
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The S&P 500 fell more than 2.6 percent on Friday, its worst one-day drop of the year and ending nine weeks of gains.
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Chips sector bloodbath drags Nasdaq down 4.2% AxiosNasdaq falls 4% and suffers worst day since April 2025 as traders flee chip stocks: Live updates CNBCNasdaq, S&P 500 suffer worst day of year as AI stocks tumble and Fed rate-hike odds rise CNNStock market today: Nasdaq plunges 4%, Dow and S&P 500 sink as AI trade halts on Fed hike bets Yahoo Finance
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U.S. employers added jobs for the third month in a row in May, while the unemployment rate held steady at 4.3%. But wage gains softened and likely failed to keep pace with rising prices.
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The unemployment rate held at 4.3 percent in April, according to a Labor Department report. But the effects of the Iran war are only beginning to emerge.
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