Wall Street Ends Down After Fed Statement, GDP Data

US stocks ended lower on Wednesday as the Federal Reserve cited weakness in the US economy and data showed US growth slowed more sharply than expected in the first quarter. 

But the Fed's acknowledgement of weakness in some sectors of the economy makes it more likely it will not be ready to raise until at least September, which kept stocks from falling further.

"We all know the Fed would love to start normalizing rates, but the simple fact is, the data does not warrant that action right now."

While concerned about lingering economic weakness, US investors also are worried about the possibility of the Fed raising interest rates too soon.

For Quick Trial – 8962000225 ✔

or mail us here: info@ways2capital.com

or visit http://www.ways2capital.com/

✆ - 0731-6554125 | Toll Free - 1800-3010-2007