Northern Wyoming Daily News - Serving the Big Horn Basin for over 100 years

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 central bank’s decision makers also said they plan to raise rates two more times later this year for a total of four increases. Investors had debated all year if rates would rise three or four times,...



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