US stocks fall sharply as Fed's Jerome Powell says December rate cut not a foregone conclusion

US stocks experienced a sharp decline as Federal Reserve Chair Jerome Powell indicated that a December rate cut is not guaranteed. This statement followed a 25 bps rate cut announcement amidst concerns over a government shutdown impacting the economic outlook. Despite the broader market dip, Nvidia's stock surged on significant AI chip orders and supercomputer plans.

from Stocks-Markets-Economic Times https://ift.tt/QtuFUqw