Traders work on the floor of the New York Stock Exchange during morning trading on May 17, 2023 in New York City.
Traders work on the floor of the New York Stock Exchange during morning trading on May 17, 2023 in New York City.
  • US stocks closed lower on Wednesday after Fed minutes showed officials remain worried about inflation. 
  • Policymakers at the July meeting agreed that inflation still poses risk of a resurgence. 
  • Markets have been confident in their belief that the July rate hike was the last of the Fed's cycle. 

US stocks ended lower on Wednesday after minutes from the last Federal Reserve meeting indicated that central bankers think inflation is still high enough to potentially warrant more interest rate hikes.