The stock market was in a wait-and-see mode Wednesday ahead of the results of the Federal Reserve's first policy meeting under its new chair, Janet Yellen
U.S. stocks and bonds fell as the Federal Reserve’s latest policy statement raised jitters about the prospect of interest rates rising sooner than anticipated.
The Fed announced another reduction in its monthly bond purchases, as expected. It also emphasized that it would keep rates low for some time after its bond purchases wind down entirely. But 10 of 16 officials said they saw the benchmark interest rate ticking up to 1%or more by the end of 2015 —a slightly more aggressive pace of increases than Fed officials had previously forecast. The Fed also dropped its previously stated target of having the unemployment rate at 6.5% before making any interest-rate increases.
Market Data 
Markets 
AI
