Chip Stocks Lead Declines On Wall Street | Fed Minutes Cite Lower Inflation Risks | Market Cafe

Market Cafe: Red Sea crisis disrupts global trade. US markets reacted to the Federal Reserve meeting minutes, hinting at a potential shift in monetary policy by 2024-end. Chairman Powell suggested a halt in rate hikes, aiming for reduced borrowing costs by late 2024. Despite rising bankruptcy filings, Fed officials expressed optimism about battling inflation without harming the labor market.


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