US stocks ended slightly higher following a choppy session Wednesday after the Federal Reserve said the US economy is likely strong enough to withstand an interest rate hike later this year. Even if a majority of Fed officials continue to see higher rates by the end of 2015, they expect rates to rise slightly less by the end of 2016 and 2017 than they did in their March forecasts.
That view on rates saw high-yielding stocks gain, with the S&P 500 utilities sector up 0.9 percent after hitting on Tuesday its lowest since late September. Stocks with higher dividend yields attract investors when there is an expectation that Treasury yields will fall, or in this case, remain relatively low.
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