The stock market experienced a significant selloff yesterday after Federal Reserve Chair Jerome Powell said that interest rates are likely to be higher than previously anticipated. This statement caused concern among investors, who feared that rising interest rates could slow down economic growth and hurt company earnings.

As a result of the news, stock futures were flat this morning as investors awaited more information from Powell’s testimony before Congress. Some experts believe that the market could experience further volatility if Powell continues to indicate that interest rates will rise in the coming months.

Despite the warning signs, some investors remain optimistic about the market’s long-term prospects. “It’s important to remember that the stock market is not always predictable, but it tends to go up over time,” said financial analyst John Smith. “Smart investors know that patience and discipline are key to success in the market.”

However, yesterday’s selloff serves as a cautionary reminder that the stock market is always subject to risks and uncertainties. As such, experts recommend that investors maintain a diversified portfolio of stocks, bonds, and other assets to help minimize risk and maximize returns.