Dow falls about 1% after Warsh flags hot inflation
Market selloff deepened after Fed Chairman Kevin Warsh signaled the U.S. economy remains robust, raising the possibility of more rate hikes. The Dow fell by around 1%, while the Nasdaq and S&P 500 also gave up earlier gains.
S. economy is robust, raising the possibility of more rate hikes ahead. The Dow fell by around 1%, while the Nasdaq and S&P 500 both erased earlier gains. "This summer's inflation readings do not tell me…"