Stocks slip after Fed says interest rates will rise faster
June 14, 2018
NEW YORK (AP) — U.S. stocks slipped Wednesday after the Federal Reserve raised interest rates and said it expects to increase rates two more times by the end of the year. Investors bet that several huge deals are more likely to happen after a federal court cleared AT&T’s $85 billion purchase of Time Warner.
Wall Street was already certain the Fed would raise interest rates Wednesday. The ce...