US markets end slightly lower after Warsh speech
US stock markets closed slightly lower following a speech by Federal Reserve Chairman Kevin Warsh. Investors interpreted his comments as a signal that interest rates may remain higher for longer to combat inflation.
Why it matters
Market reactions to Fed policy signals are critical for understanding investor confidence and the future trajectory of the US economy.
US markets end slightly lower after Warsh speech - RTHK
US markets end slightly lower after Warsh speech
2026-08-29 HKT 07:44" title="Wall Street thinks higher interest rates may be on the horizon. File photo: Reuters">
Wall Street thinks higher interest rates may be on the horizon. File photo: Reuters
US stocks closed lower on Friday after a speech by Chairman Kevin Warsh helped strengthen faith that the Fed will do what's needed to bring inflation down, even if it causes pain for the economy in the short term.
The S&P 500 fell 19.23 points, or 0.3 percent, to 7,711.76. The Dow Jones Industrial Average dipped 9.45 points, or 0.02 percent, to 53,559.99, and the Nasdaq composite sank 138.93 points, or 0.5 percent, to 26,402.42.
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