Markets Plummet, Oil Soars: Global Economy in Crisis
Sydney News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
US stock markets plummeted last week, with the Nasdaq dropping over ten percent since the Iran conflict began, now officially in correction territory. Oil prices surged from seventy to one hundred fifteen dollars a barrel, causing gasoline and diesel prices to skyrocket. Investors are worried about inflation and potential stagflation, leading to a sell-off in markets and a drop in Fed rate cut bets. Trumps team is under pressure to show a real plan beyond military wins, with investors bracing for global inflation spikes and slower growth.
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