Minneapolis Federal Reserve Bank President Neel Kashkari on Monday said that he expects inflation to recede as COVID-19 cases decline, schools reopen and special pandemic unemployment benefits expire, allowing more people, especially women, to return to the workforce.
The S&P 500 (.SPX) dipped on Tuesday, with declines in healthcare and tech shares countered by energy and financial gains, as investors weighed the latest U.S. economic data for signs of a rebound and rising inflation.
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