Yahoo!Finance: Why the stock market is suddenly freaking out

The narrative on Wall Street is shifting.

Traders have long placed their bets on the Federal Reserve cutting rates in September, and Fed Chair Jerome Powell basically confirmed as much Wednesday.

But now, fear is starting to take hold, as concerns mount that the Fed may not be acting quickly enough to keep America’s job market in good shape. Friday’s worse-than-expected jobs report confirmed those fears.

Read the full article on Yahoo!Finance