Today’s market news: The markets have fallen to their lowest level in a year, but there are still plenty of signs of life.
The markets are still down 1.8% from a record high in November.
The Nasdaq, the Dow Jones Industrial Average, and the S&P 500 are all down.
Markets in Europe are still struggling.
The S&p 500 has fallen 8% this year.
The European Central Bank cut interest rates on Tuesday.
In Asia, stocks have slumped.
China’s Shanghai Composite Index is down 14%.
But the U.S. has recovered somewhat from a global economic slowdown, which saw the Dow and Nasdaq fall 7.4% in 2017.
That helped the markets rally a bit.
Inflation is down.
The Fed raised rates for the second time this year, with a 2.25% hike scheduled for Thursday.
Still, the economy is slowing.
This is a time for stocks, with big companies facing pressure to raise wages.
The median forecast for inflation is 2.2% this month.
But it will likely be much lower than that, according to the Federal Reserve.
The stock market has been buoyed by Trump’s economic plan.
It’s been a great time to buy stocks, but a lot of investors are still waiting for the U-turn on his tax reform.