Markets Drop as Fed Hikes Rate Guidance and Lowers Jobless Target - Presented by: The Aol. On Network

Markets closed lower Wednesday after the Fed's policy statement raised the prospect of interest rates rising sooner than expected. The bank announced a $10 billion cut in its monthly bond purchases, as expected. But rate projections were lifted - the median forecast now puts rates at 1 percent by the end of 2015 from 0.75 per cent late last year, and 2.25 percent by 2016. A jobless target of 6.5 percent before rates were hiked, was also dropped.



Related Videos

Most Popular Videos

Latest Videos


Most Active by Volume

Company Last Sale Change Net / %
HTZ $ 30.33 1.23 ▼ 3.90%
BAC $ 15.52 0.07 ▲ 0.45%
AAPL $ 100.57 0.04 ▲ 0.04%
NOK $ 8.13 0.11 ▲ 1.37%
FOLD $ 5.50 0.93 ▲ 20.35%
JCP $ 10.33 0.08 ▲ 0.78%
IRF $ 39.10 12.54 ▲ 47.21%
GE $ 26.36 0.31 ▲ 1.19%

As of 8/20/2014, 04:04 PM
More Most Active

Latest News Headlines

View All