AP
Financial Markets Wall Street
Michael Pistillo works on the floor at the New York Stock Exchange in New York, Monday, Sept. 14, 2026.
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U.S. stocks slipped after the Federal Reserve hiked its main interest rate for the first time in three years and suggested more increases may be ahead as it tries to get the nation’s high inflation under control. The S&P 500 fell 0.4% Wednesday after giving up a modest gain from earlier in the day. The Dow Jones Industrial Average dropped 1.2%, and the Nasdaq composite was nearly unchanged after edging down by less than 0.1%. Stocks turned lower after the Fed's chairman said repeatedly in a press conference that inflation remains too high and the U.S. economy appears to be strengthening.
