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“The expectation now is for four rate increases in total in 2018. Fresh projections from policymakers suggested that inflation would run above the Fed’s 2 percent target, hitting 2.1 percent this year and remaining there through 2020. The Dow Jones Industrial Average fell 119.53 points, or 0.47 percent, to 25,201.2, the S&P 500 lost 11.22 points, or 0.40 percent, to 2,775.63 and the Nasdaq Composite dropped 8.10 points, or 0.11 percent, to 7,695.70. …read more […]
Stocks were volatile after the statement but ended near the lows of the session, and selling was broad-based, with most S&P sector indexes ending lower. “The expectation now is for four rate increases in total in 2018. Fresh projections from policymakers suggested that inflation would run above the Fed’s 2 percent target, hitting 2.1 percent this year and remaining there through 2020. …read more […]
“The expectation now is for four rate increases in total in 2018. Fresh projections from policymakers suggested that inflation would run above the Fed’s 2 percent target, hitting 2.1 percent this year and remaining there through 2020. The Dow Jones Industrial Average fell 119.53 points, or 0.47 percent, to 25,201.2, the S&P 500 lost 11.22 points, or 0.40 percent, to 2,775.63 and the Nasdaq Composite dropped 8.10 points, or 0.11 percent, to 7,695.70. …read more […]
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