Wall Street slides as oil rally and inflation fears stall rate cut bets
On Friday, March 20, U.S. equity markets dropped sharply across the board-S&P 500 down 1.5%, Dow off 1%, Nasdaq down 2%-as rising oil prices and spiking bond yields damped hopes for near-term rate cuts.
Why it matters
Higher borrowing costs pressure everything from mortgages to 401(k) growth, making this drop meaningful for regular investors.
The big picture
This week, investors will be watching inflation data and oil prices to gauge if Fed rate cuts are still on the table.