S&P 500 retreats as Fed hikes rates, Warsh warns inflation too high

Investor's Business Daily · yesterday

S&P 500 retreats as Fed hikes rates, Warsh warns inflation too high

The Fed raised rates for the first time since 2023 and signaled one more hike by year-end.
Fed chief Kevin Warsh stressed inflation was "too high."
The S&P 500 retreated after the decision, with the indexes paring losses in the final minutes.

Quotes

“Fed chief Kevin Warsh stressed inflation was "too high.”— Kevin Warsh

Sources

Dow Jones Futures: S&P 500 Falls After Fed Rate Hike, Hawkish Warsh; AMD, Bloom Energy Lead Stocks To WatchInvestor's Business Daily