Stocks are little changed following three-day slide for Dow, S&P 500

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"The big fear I have at the back of my mind is if we're wrong and markets are wrong, and that this inflation is much more embedded at a much higher level than we appreciate or markets appreciate," he said, commenting on market expectations of inflation coming back down to 2% within the next two years.

Kashkari also pointed towards supply-side shocks driving "half to two-thirds" of the nation's high inflation.

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Dow slumps 600 points Monday to wrap worst day since June as summer rally fadesInvestors are anticipating what could be a volatile week of trading ahead of Federal Reserve Chairman Jerome Powell’s latest comments about inflation. Ford lays off 3,000 people A grand effort at knocking down Biden’s popularity. You are dedicated to that cause. So? It’s all overpriced. About time rich people started getting shafted.
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