Wall Street snaps winning streak as Fed keeps rates unchanged, inflation fears loom

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Panoramic skyline of New York city at sunset, USA

Nico De Pasquale Photography

Wall Street's major averages closed lower on Wednesday after two days of gains as the wholesale inflation came in hotter than expected and the Federal Reserve kept interest rates the same.

The benchmark S&P 500 (SP500) finished -1.4%, while the Nasdaq Composite (

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