Markets dip as Federal Reserve worries economy faces ‘difficult tradeoffs’

(Credit: JIM WATSON—AFP/Getty Images)

• The major stock indices were all down Wednesday as the Federal Reserve released meeting minutes in which policymakers said the U.S. faces “difficult tradeoffs” in the coming months if inflation persists and growth stalls. 

Stocks dipped Wednesday as investors interpreted recent meeting minutes published by the Federal Reserve and waited for tech giant Nvidia to report its first-quarter earnings results. The S&P 500 posted a daily decline of 0.6%, the Nasdaq was down 0.5%, and the Dow Jones dropped 0.6%.