| U.S. stocks decline on Fed's inflation warning |
NEW YORK, Dec. 12 (Xinhua) -- U.S. stock markets declined Tuesday following the Federal Reserve's warning of inflation risks.
The Fed kept the nation's benchmark interest rate unchanged at 5.25 percent on Tuesday, saying its primary concern is inflation.
The statement disappointed the investors who were hoping for possible rate cutting.
The Dow Jones industrial average was down 12.90, or 0.10 percent, at 12,315.58. The Standard & Poor's 500 index dropped 1.48, or 0.10 percent, to 1,411.56 while the Nasdaq composite index fell 11.26, or 0.46 percent, to 2,431.60.
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