US economic growth decrease ‘triggers’ investors to ‘frantically’ sell off shares

The chance of a September interest rate cut in the United States faded overnight, triggering a sharp sell-off on Wall Street.

Sky News Business Reporter Edward Boyd says US economic growth “decreased a bit more sharply than expected.”

“The big problem is inflation is still remaining elevated in the US and that has really triggered a bit of a warning from investors who frantically started selling shares overnight.”

Видео US economic growth decrease ‘triggers’ investors to ‘frantically’ sell off shares канала Sky News Australia