Market Overview

On Wednesday, the major stock markets in the United States demonstrated a notable resilience. Initially opening flat, the markets dipped into losses before briefly turning green. This shift followed the release of the Federal Reserve's latest policy meeting minutes, which cast a spotlight on inflation concerns.

Fed's Inflation Concerns

The December FOMC report underscored concerns over inflationary pressures, particularly those linked to trade and immigration policies. Additionally, the report highlighted slower-than-expected reductions in core inflation. Fed officials expressed apprehensions regarding future policies under the upcoming administration and their potential impact on inflation rates.

Market Performance

Despite these concerns, the Dow Jones Industrial Average index closed 0.25% up, or 106 points. The Nasdaq 100 remained flat, while the S&P 500 saw a modest gain of 0.16%.

Currency Movements

In currency markets, the euro experienced a slight decline, losing 0.28% against the dollar at 3:59 pm ET, settling at $1.03163.

More updates to follow...