The Fed has stayed on the sidelines so far this year, leaving rates unchanged after cutting them by a full percentage point in the last few months of 2024. Many policymakers say that interest rates, ...

As traders dialled back rate-cut bets, the S&P 500 Index tumbled 6%, capping the steepest two-day slide since the pandemic hit the US in March 2020 and wiping out some US$5 trillion of value. The tech ...