Economic fears refer to anxieties or concerns individuals, businesses, or investors may have regarding current or future economic conditions. These fears can originate from factors such as inflation, recession, unemployment rates, stock market volatility, and government policies. When people experience economic fears, they may react by reducing spending, increasing savings, or delaying investments, which can further impact economic growth. In broader terms, economic fears can also influence consumer confidence, business investment strategies, and overall market stability, leading to a potential cycle of economic downturns.
U.S. markets experienced a significant decline with the Dow and Nasdaq both closing lower. Investors were cautious ahead of the Federal Reserve's interest rate decision, influenced by worries over a…