{
  "id": 3629744,
  "title": "Wall Street slips as stubborn inflation keeps Fed outlook in focus",
  "url": "https://urgent.news/2026/08/27/wall-street-slips-as-stubborn-inflation-keeps-fed-outlook-in-focus",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-27T00:57:57.000Z",
  "source": {
    "name": "Malay Mail",
    "slug": "malay-mail-malaymail",
    "url": "https://www.malaymail.com/news/money/2026/08/27/wall-street-slips-as-stubborn-inflation-keeps-fed-outlook-in-focus/232795"
  },
  "original_language": "en",
  "account": "New York, August 27 - Wall Street stocks closed lower on Friday after US inflation remained high but stable, as markets traded cautiously ahead of Nvidia's earnings report and a key Federal Reserve speech. The S&P 500 and Dow Jones Industrial Average both edged down, with the S&P 500 falling slightly and the Dow slipping 0.2 percent. The personal consumption expenditures price index rose 3.7 percent in July compared to a year ago, matching the June increase. Despite the steady inflation, it is still close to three-year highs. Heather Long, chief economist at Navy Federal Credit Union, stated that while the data shows the Federal Reserve has time to wait and see, it does not indicate improvement in the inflation situation. European markets closed higher, though not at their peak levels, due to lower energy prices, with oil prices recovering some of their losses. London's performance was weaker, as energy-focused companies BP and Shell declined in value. Analysts noted that lower oil prices are assisting European markets, but the uncertainty surrounding Iran and Oman's potential deal to establish a temporary shipping route in the Strait of Hormuz remains a concern. The annual Jackson Hole symposium of central bankers and economic policymakers begins today, which may provide insights into the US interest rate policy. eToro analyst Bret Kenwell emphasized that inflation is still too high for comfort, and investors will be watching to see if Fed Chair Kevin Warsh addresses in his Jackson Hole speech how policymakers intend to bring it down to the Fed's long-term target. Investors are also eagerly awaiting Nvidia's after-hours earnings report, as the company's performance is seen as a barometer for the success of the AI boom that has driven markets to record highs over the past two years. A potential return on the substantial cash poured into AI software and hardware remains uncertain. Nvidia's shares decreased by 1.6 percent, while Meta shares rose 1.1 percent after settling a lawsuit with US states for up to US$16.7 billion and implementing changes to their social media policies for younger users.",
  "summary": "NEW YORK, Aug 27 — Wall Street stocks finished lower yesterday after US inflation came in steady but elevated as m...",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 5,
    "also_reported_by": [
      {
        "outlet": "The Sydney Morning Herald",
        "title": "ASX set for flat start as Wall Street dips; Nvidia, Qantas results ahead",
        "url": "https://urgent.news/2026/08/26/asx-set-for-flat-start-as-wall-street-dips-nvidia-qantas-results-ahead",
        "published": "2026-08-26T19:26:39.000Z"
      },
      {
        "outlet": "The Age",
        "title": "ASX set for flat start as Wall Street dips; Nvidia, Qantas results ahead",
        "url": "https://urgent.news/2026/08/26/asx-set-for-flat-start-as-wall-street-dips-nvidia-qantas-results-ahead-3580710",
        "published": "2026-08-26T19:26:39.000Z"
      },
      {
        "outlet": "Free Malaysia Today",
        "title": "Wall Street ends tad lower after hot inflation data, ahead of Nvidia earnings",
        "url": "https://urgent.news/2026/08/26/wall-street-ends-tad-lower-after-hot-inflation-data-ahead-of-nvidia",
        "published": "2026-08-26T21:24:47.000Z"
      },
      {
        "outlet": "The Business Times - Companies & Markets",
        "title": "US stocks: Wall Street stocks end tad lower after hot inflation data ahead of Nvidia earnings",
        "url": "https://urgent.news/2026/08/26/us-stocks-wall-street-stocks-end-tad-lower-after-hot-inflation-data",
        "published": "2026-08-26T21:46:40.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}