Markets

Stocks Snap Recent Winning Streak in Defensive FOMC Posturing

Stocks were trading slightly lower Wednesday in defensive trade ahead of the conclusion of the Federal Open Market Committee meeting later this afternoon and subsequent remarks from Fed Chair Janet Yellen on interest rates and economic growth. Although the Fed is not expected to make any change to its current policy of reducing its monthly bond purchases by another $10 billion, odds favor Yellen projecting a more hawkish FOMC bias as she reveals the policy panel's plans for interest rates once the economy hits its employment and inflation targets.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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