Wall Street ended nearly flat as hotter-than-expected US inflation complicated the Federal Reserve’s interest-rate outlook. Investors turned cautious while resilient economic growth offered some support. Markets are also watching Fed Chair Kevin Warsh’s Jackson Hole speech for clues on September’s interest-rate decision and policy direction.
Wall Street ended nearly flat as hotter-than-expected US inflation complicated the Federal Reserve’s interest-rate outlook. Investors turned cautious while resilient economic growth offered some support. Markets are also watching Fed Chair Kevin Warsh’s Jackson Hole speech for clues on September’s interest-rate decision and policy direction.
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