{"id":4443,"date":"2024-12-18T22:03:49","date_gmt":"2024-12-18T22:03:49","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=4443"},"modified":"2024-12-18T22:03:49","modified_gmt":"2024-12-18T22:03:49","slug":"powell-triggers-market-carnage-vix-spikes-58-stocks-plummet-dollar-hits-2-year-highs-bitcoin-nosedives","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=4443","title":{"rendered":"Powell Triggers Market Carnage: VIX Spikes 58%, Stocks Plummet, Dollar Hits 2-Year Highs, Bitcoin Nosedives"},"content":{"rendered":"<div>\n<p>Federal Reserve Chair <strong>Jerome Powel<\/strong>l adopted a hawkish stance during his Wednesday press conference after the December Fed meeting, sparking a market bloodbath as the New York session <a href=\"https:\/\/www.benzinga.com\/economics\/macro-economic-events\/24\/12\/42563299\/feds-powell-shocks-markets-its-a-new-phase-were-significantly-closer-to-neutral\">headed to the close.<\/a><\/p>\n<p>Although the Federal Reserve lowered interest rates by 0.25% to a range of 4.25%-4.5%, as widely anticipated, the updated economic projections suggest just two potential rate cuts in 2025 \u2014 down from four projected in September and fewer than the three anticipated by markets before the meeting.<\/p>\n<p>Powell described the shift as \u201ca new phase\u201d for monetary policy, emphasizing that after 100 basis points of rate cuts in 2024, rates are now significantly closer to a neutral stance. <\/p>\n<p>Stocks tumbled across the board, the U.S. dollar soared to two-year highs and <strong>Bitcoin<\/strong> (CRYPTO: <a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/quote\/btc\/usd\">BTC<\/a>) cratered over 5%, as investors digested the reality of a shift in the monetary policy stance by the Federal Reserve.<\/p>\n<p>The CBOE Volatility Index, known as the VIX and Wall Street\u2019s fear gauge, skyrocketed 58% to 25, reflecting a spike in investor uncertainty and heightened anxiety over the future of interest rates.<\/p>\n<p><figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"557\" src=\"https:\/\/editorial-assets.benzinga.com\/wp-content\/uploads\/2024\/12\/18161803\/image-161-1024x557.png\" alt=\"\" class=\"wp-image-698569\" srcset=\"https:\/\/editorial-assets.benzinga.com\/wp-content\/uploads\/2024\/12\/18161803\/image-161-1024x557.png 1024w,https:\/\/editorial-assets.benzinga.com\/wp-content\/uploads\/2024\/12\/18161803\/image-161-300x163.png 300w,https:\/\/editorial-assets.benzinga.com\/wp-content\/uploads\/2024\/12\/18161803\/image-161-768x418.png 768w,https:\/\/editorial-assets.benzinga.com\/wp-content\/uploads\/2024\/12\/18161803\/image-161-1536x836.png 1536w,https:\/\/editorial-assets.benzinga.com\/wp-content\/uploads\/2024\/12\/18161803\/image-161.png 1920w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\"><\/figure>\n<\/p>\n<h3 class=\"wp-block-heading\">Wall Street &#8230;<\/h3>\n<p><a href=\"https:\/\/www.benzinga.com\/news\/econ-s\/24\/12\/42564807\/powell-triggers-market-carnage-vix-spikes-58-stocks-plummet-dollar-hits-2-year-highs-bitcoin-nosedive\" alt=\"Powell\" triggers market carnage: vix spikes stocks plummet dollar hits highs bitcoin nosedives>Full story available on Benzinga.com<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Federal Reserve Chair Jerome Powell adopted a hawkish stance during his Wednesday press conference after the December Fed meeting, sparking a market bloodbath as the New York session headed to the close. Although the Federal Reserve lowered interest rates by 0.25% to a range of 4.25%-4.5%, as widely anticipated, the updated economic projections suggest just [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-4443","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/4443","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=4443"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/4443\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=4443"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=4443"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=4443"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}