AdvertisementThe market’s losses deepened after oil prices erased an early dip and accelerated in the afternoon. Worries have gotten so high that traders have canceled nearly all their bets that the Federal Reserve could cut interest rates this year, according to data from CME Group. And investors now see little room for central banks worldwide to cut interest rates to help their economies. Besides the Federal Reserve, central banks in Europe, Japan and the United Kingdom also held their interest rates steady this past week. Stocks of smaller companies, which can feel the pinch of higher interest rates more than their bigger rivals, led the way lower.

Source: Huffington Post March 21, 2026 03:06 UTC