📈 Stocks & Economy🌐 Global
Wall Street Tanks After Warsh's First Press Conference Spooks Investors
Yahoo Finance·Thursday, 18 June 2026
US stocks fell sharply after Kevin Warsh's debut press conference as Fed chair, with the Dow dropping 1%, the S&P 500 falling 1.2%, and the Nasdaq losing 1.3%. Rate hikes appear to be on the table as soon as this fall, according to Capital Economics' Chief North America Economist as cited in the article. Warsh said he was not concerned about the market's negative reaction.
Why It Matters
Sharp moves in US markets tend to set the mood for Asian and Indian markets the next day. A hawkish Fed is bad news for equities everywhere.
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