What happened
On Thursday, the S&P 500 was little changed, but the three major indexes were on track to end the week higher, according to CNBC. The advance on Thursday put the indexes in position for a winning week.
Federal Reserve Governor Kevin Warsh said the Fed is committed to fighting inflation, a statement that likely influenced market sentiment.
Why it matters
The market's ability to hold gains amid Fed commentary on inflation suggests investor confidence. The Fed's commitment to fighting inflation is a critical factor for future monetary policy and market performance.