Breaking news: Stocks plunge as Fed forecasts fewer cuts next year

The S&P 500 fell 3 percent in its worst day since August.

View in browser Dec. 18, 2024, 4:42 p.m. ET BREAKING NEWS Shawn Thew/EPA, via Shutterstock Stocks Plunge as Fed Forecasts Fewer Rate Cuts Next Year The S&P 500 index dropped 3 percent, its biggest fall since the start of August, after the Federal Reserve cut rates for a third time this year but projected only two more cuts in 2025. Follow live updates Need help? Review our newsletter help page or contact us for assistance. You received this email because you signed up for Breaking News from The New York Times. To stop receiving Breaking News, unsubscribe. To opt out of other promotional emails from The Times, including those regarding The Athletic, manage your email settings. To opt out of updates and offers sent from The Athletic, submit a request. Subscribe to The TimesGet The New York Times app Connect with us on: Change Your EmailPrivacy PolicyContact UsCalifornia Notices The New York Times Company. 620 Eighth Avenue New York, NY 10018