The S&P 500 ended lower for a fourth straight session on Wednesday after the release of the Federal Reserve’s minutes of its February policy meeting bolstered expectations for higher interest rates to tame inflation. The Dow Jones Industrial Average DJIA, -0.26% fell about 83 points, or 0.3%, ending near 32,046, while the S&P 500 index SPX, -0.16% closed 0.2% lower, cementing a fourth session in a row of declines. The Nasdaq Composite Index COMP, +0.
1%. The Fed minutes showed unanimous backing for continued interest-rate hikes in coming meetings. Importantly, the latest jobs report and inflation data since the Fed meeting also point to the potential need for higher rates for longer.
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