Stocks Lose Steam After Kashkari Comments

Stocks Lose Steam After Kashkari Comments·Barrons.com
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Stocks lost steam as bond yields pared earlier declines in the wake of comments from Minneapolis Federal Reserve President Neel Kashkari. Kashkari told Bloomberg that central bankers will do whatever is needed to bring inflation back down to the central bank’s 2% target—even if that means raising interest rates. The Nasdaq Composite was down 0.1%.

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