Standard & Poor's and NASDAQ fall after Warsh comments

The article focused on the decline of the U.S. stock indices, the "S&P 500" and "Nasdaq," following statements by Federal Reserve Chairman Jerome Powell, who reaffirmed the bank's commitment to tackling inflation and maintaining its 2% target. This led to divergent expectations regarding interest rate hikes in September, with the "S&P 500" dropping by 0.26% and the Nasdaq falling by 0.53%, reflecting investors' caution and the central bank's insistence on a hawkish stance to combat inflation.

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