⚠️BREAKING: *WALL STREET CLOSES LOWER AFTER FED MINUTES, INFLATION DATA $DIA $SPY $QQQ $IWM $VIX 🇺🇸🇺🇸
NEW YORK - U.S. stocks ended lower on Wednesday after minutes from the Federal Reserve's March policy meeting revealed concern among several members of the Federal Open Markets Committee regarding the regional bank liquidity crisis.
The indexes started gyrating as market participants parsed the Labor Department's Consumer Price Index . However, core CPI - which strips out volatile food and energy items - hit the consensus bull's eye, and remains well above the Fed's average annual 2% target rate."This week is an inflection point as investors are searching for surer footing in advance of corporate earnings and the PPI report coming out tomorrow," Bassuk said.
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