Your 401k Is Getting Crushed Again In #Bidenflation

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At a glance

  • Stocks fell on Thursday, building on Wednesday’s losses after the Federal Reserve delivered another interest rate hike and signaled that no pivot or rate cut will come anytime soon.
  • The Dow Jones Industrial Average traded 273 points lower, or 0.85%. The S&P 500 and Nasdaq Composite slid 1.1% each.
  • The average person’s 401(k) has lost some $34,000 in value since the start of the year, new economic research found.

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