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Wall Street closes flat as investors assess inflation risks

Cover Image for Wall Street closes flat as investors assess inflation risks

Markets reacted to a report saying President-elect Donald Trump considered an economic emergency on prices.

NEW YORK: US stocks ended Wednesday little changed, as major indexes failed to stray far from the unchanged mark, with investors digesting the impact of two conflicting sets of jobs data and a report that said President-elect Donald Trump was mulling a national economic emergency declaration on inflation.

“Inflation is the wild card in 2025. There are lots of things that potentially have the risk to shift inflation back upward,” said Charlie Ripley, senior investment strategist for Allianz Investment Management.

The minutes of the Federal Reserve (Fed)’s Dec 17-18 meeting showed on Wednesday that officials saw a rising risk that price pressures may remain sticky as policymakers began wrestling with the impact of policies expected from the incoming Trump administration.

Tags:bond selloffFed rate cutsinflationUS economyUS stocksWall Street


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