Wall Street’s main indexes dipped in early trading on Dec. 15 as recent readings on inflation appeared to solidify bets that, later in the day, the Federal Reserve might announce a faster phase-out of pandemic-era stimulus that has provided a tailwind to financial markets. The Dow Jones Industrial Average fell around 100 points, or 0.29 percent, to 35,443.30, by 10:51 a.m. New York time. The S&P 500 was down around 10 points, or 0.22 percent, at 4,625.51, while the Nasdaq Composite dropped around 11 points, or 0.07 percent, to 15,891.41. Investors await Wednesday’s conclusion of the Fed’s two-day policy meeting, with expectations building for officials to announce a faster timeline for phasing out the central bank’s $120 billion per month asset-buying program, currently set to conclude by June 2022. At the Fed’s prior meeting in September, officials voted to start scaling back the program at a pace of $15 billion per month, …
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