Wall Street recorded its worst trading day in more than three months on Friday.
All indices went deep into the red after an acknowledgement by US Federal Reserve Chair Jerome Powell that it will take some time to get inflation under control and that it will continue to hurt households and businesses.
The Dow Jones lost 3.03% and saw more than 1,000 points go up in smoke, its biggest loss since mid-May, more than three months ago.
The Nasdaq ended 3.94% in the red, while the expanded S&P 500 closed 3.37% lower.
