Stocks Retreat After Fed Minutes Show Uncertainty Over Inflation.

Stocks retreated on Wednesday after the release of minutes from the Federal Reserve's latest policy meeting, which showed concerns about persisting inflation and raised doubts about the timing of interest rate cuts. The S&P 500 and Nasdaq Composite both declined, while the Dow Jones Industrial Average shed about 200 points. The minutes revealed that policymakers were uncertain about price pressures and mentioned a willingness to tighten policy further if inflation risks materialize. The stock market had previously rallied this month on hopes of rate cuts, but the risk of inflation picking up is not currently priced into the market. [Extracted from the article]