The Federal Reserve’s policy announcement and related news conference were scheduled for this afternoon, and investors were anticipating them as the Dow Jones Industrial Average dropped on Wednesday.
170 points, or 0.5%, were lost by the 30-stock average. The Nasdaq Composite and S&P 500 both traded in a flat range. UnitedHealth’s 8% loss was the Dow’s greatest inhibitor.
Investors are prepared for Chair Jerome Powell’s media comments, which could provide information on the state of the economy and the central bank’s future plans in addition to the announcement of Fed policy.
Source (CNBC)
