Federal Reserve Transition and Tax Legislation Drive $2.3 Trillion Equity Selloff Amid CPI Relief
U.S. equity markets lost $2.3 trillion in February as fiscal policy uncertainty—including Federal Reserve leadership transition and the One Big Beautiful Bill's tax provisions—collided with cooling inflation. January CPI fell to 2.9%, the lowest since March 2021, but investor anxiety over corporate tax strategy and fiscal deficits pushed the Magnificent Seven stocks down 8-12% despite select earnings beats from Moderna and Roku.
ViaNews Editorial Team (Finance)•