Wall Street ends down as jittery investors await Fed report

Published by
Reuters

By David French (Reuters) – Wall Street’s main indices ended lower on Tuesday, as data showing stronger inflation and weaker U.S. retail sales in May unnerved investors who were already jittery as they await the results of the Federal Reserve’s latest policy meeting. Assurance from the Fed that rising prices are transitory and falling U.S. Treasury yields have helped ease some concerns over inflation and supported U.S. stocks in recent weeks. All eyes are now on the central bank’s statement at the end of its two-day policy meeting on Wednesday. Data showed an acceleration in producer prices la…

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