U.S. stocks open lower ahead of a busy day for Fed speakers

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U.S. stocks open lower as Wall Street turns an ear to the day’s Fed speakers

U.S. stock indexes opened lower on Wednesday, as investors waited to hear from a cluster of Federal Reserve speakers.

What’s driving the markets? Stocks rallied Tuesday in volatile trade after Fed Chairman Jerome Powell predicted a sharp decline in inflation this year, but also said more interest-rate hikes will be needed. Investors will get fresh insight from Fed officials on Wednesday, kicking off with an appearance by New York President John Williams at 9:15 a.m. Eastern, followed by Fed Gov. Lisa Cook at 9:30 a.m., Vice Chair Michael Barr and Atlanta President Raphael Bostic at 10 a.m., Minneapolis President Neel Kashkari at 12:30 a.m., then Fed Gov. Christopher Waller at 1:45 p.m.

 

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