Markets plunge nearly 1%; rise in crude, FOMC decision weigh on investor sentiments

Markets plunged nearly 1% due to a combination of factors, including a rise in crude oil prices and the upcoming U.S. Federal Reserve's FOMC decision. The increase in crude oil prices can be attributed to global supply chain disruptions and geopolitical tensions, which are weighing heavily on investor sentiments. This decline is also a reflection of the cautious approach taken by global investors ahead of the FOMC decision, which is expected to have a significant impact on the global economy.

Why it matters

The rise in crude oil and the upcoming FOMC decision are causing investors to be cautious. This caution is leading to a decrease in investor sentiment, which is negatively impacting the market.

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