US stocks edged down on Wednesday as investors digested minutes from the last Federal Reserve meeting and shares of chip designers fell in late trading. The Dow Jones Industrial Average lost almost 0.6 percent, and S&P 500 as well as Nasdaq Composite, both dipped over half percent each. Earlier, the minutes of Fed’s Federal Open Market Committee’s meeting held on May 6 and 7 showed that its officials acknowledged they could face difficult trade-offs in coming months in the form of rising inflation alongside rising unemployment. Officials at the meeting noted that volatility in bond markets in the weeks before warranted monitoring as a possible risk to financial stability, and said that a change in the US dollar’s safe-haven status, along with rising Treasury bond yields, could have long-lasting implications for the economy.
