Wall Street falls as Fed signals two more hikes this year

13 Jun by Vitaliy Dadalyan

Wall Street falls as Fed signals two more hikes this year

Wall Street falls as Fed signals two more hikes this year

“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.

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Source:: https://finance.yahoo.com/news/wall-street-opens-flat-media-stocks-focus-133957543–finance.html

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