All three major stock indexes were headed for losses in Wednesday's final hour of trading, dragged down in part by concerns from Federal Reserve officials about rising near-term inflation and elevated asset valuations.

Members of the Federal Reserve's Federal Open Market Committee debated whether tariffs would fuel inflation, with a few officials expecting the import duties would only represent a one-time price increase,

Bitcoin stays near $114K as Fed minutes highlight inflation risks, tariff pass-through, stablecoin growth, and policy dissent.

While officials worried at the meeting about the prospect of weaker employment, a majority of them said the chance of higher inflation was “the greater of these two risks.” Read more: Fed Minutes Reveal Broad Support for Holding Rates Steady Last Month ...

South Africa's rand was little moved on Wednesday, despite the country's highest inflation reading for 10 months, as investors awaited minutes from the Fed's July meeting and a symposium later this week that could provide U.

Businesses maintained their inflation expectations at +2.3%, on average, in August vs. July, according to an Atlanta Fed survey released on Wednesday. Sales levels and profit margins "compared to normal" rose last month,

After somewhat positive inflation data in July, the chances of the Federal Reserve cutting interest rates in September are at roughly 83%, according to CME Group 's FedWatch tool calculations on Aug. 18. One month earlier, roughly 59% of traders betting on changes in the federal funds rate thought an interest rate cut would occur in September.