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Stocks Fall After Fed Decision

·3 min read
Stocks Fall After Fed Decision

Stocks closed down on Wednesday after the Federal Reserve signaled it expects to increase the benchmark lending rate ahead of schedule. The 10-year Treasury yield rose to 1.56% from 1.49% just before the Fed’s release. The U.S. Dollar Index, which becomes more attractive when bond yields in the U.S. rise, popped 0.76% to 91.23.