S&P 500 Slips as Fed Chair Warsh Hints at Higher Interest Rates

The Story

News Summary

S&P 500 slipped 0.2% midday after Fed Chair Warsh signaled a 'quieter Fed' and commitment to fighting inflation, while traders priced in higher interest-rate hikes this year.
Softening consumer sentiment and downward revisions to job growth added to market headwinds.

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