Wall Street closes lower after Fed president's inflation warnings
Business

Wall Street closes lower after Fed president's inflation warnings

SAPO Notícias28 August 2026 at 22:12

The New York stock exchange closed the session in negative territory, recording significant losses in the main stock market indices.

Investors showed prudence in digesting the warnings launched by the Federal Reserve president regarding inflation in the US economy.

The Fed president's statements reinforced market expectations regarding a possible interest rate hike.

This scenario of potential monetary tightening contributed to the risk aversion environment that dominated the session.

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