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Nasdaq 100 Falls 1% as Fed Chair Powell Flags Inflation Uncertainty

Federal Reserve Chair Jerome Powell stated that the outlook for inflation remains highly uncertain, prompting further declines in U.S. tech-heavy index.

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Terms & Concepts
  • Nasdaq 100: A stock market index that includes 100 of the largest non-financial companies listed on the Nasdaq Stock Market, often reflecting the performance of U.S. technology and growth sectors.
  • Inflation: The rate at which the general level of prices for goods and services is rising, diminishing purchasing power.
  • Federal Reserve: The central banking system of the United States, responsible for monetary policy, including setting interest rates and managing inflation.