Producers of metals and other raw materials were more or less flat amid mixed Federal Reserve messages on rate policy plans.
Chicago Federal Reserve President Austan Goolsbee declined to say when he thinks the central bank will cut interest rates, but he said reductions could be expected this year "if we continue to make surprising progress on inflation."
Earlier this week, Fed Gov. Christopher Waller had warned markets that expectations of a series of rate cuts were overblown.
Indian steelmaker Tata Steel said it expects up to 2,800 employees will be affected from a restructuring of its U.K. business, as it overhauls steel production operations at its Port Talbot site in South Wales.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
01-19-24 1725ET
