Aftnoon Update

3:48 p.m. ET SP-500 -0.5%, Dow -0.5% (Transports -1%), NASDAQ-100 -0.75%, Small Caps -0.8% Fed Vice-Chair, Lael Brainard, gave some commentary this afternoon and in recent Fed fashion, they were a mixed bucket with Brainard commenting that “policy is now in restrictive territory”, but also adding, “Even with the recent moderation, inflation remains high, and…