Stocks quickly dipped on Wednesday afternoon as Federal Reserve Chair Jerome Powell said officials had “strongly differing views about how to proceed” with monetary policy in December.
“A further reduction in the policy rate at the December meeting is not a foregone conclusion, far from it,” Powell said.
The S&P 500 fell nearly 0.4% while the Dow Jones Industrial Average slid 0.3%. The Nasdaq Composite held just above the flat line, up less than 0.1%.
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