🚨 Urgent: The S&P 500 index moves into negative territory during the day, following remarks by Kevin Warsh—an FOMC member—who suggested that inflation is not slowing down, hinting at the possibility of tightening monetary policy to bring it back to its target level of 2%. The index slipped into the red during the session after Warsh’s comments sparked market turmoil. He stated that inflation is not slowing, and indicated that the Federal Reserve may resort to further tightening of monetary policy in order to return inflation to its target level of 2%.
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