U.S. Stocks Drop as Rate Decision Fuels Global Economy Concern
- Decision to hold keeps pillar of the bull market in place
- Yellen cites international risks amid market volatility
Most Important Two Minutes of the Fed News Conference
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U.S. stocks ended lower after swinging between gains and losses, as the Federal Reserve’s decision to keep interest rates near zero percent raised questions about the strength of the global economy.
The Fed kept its policy interest rate unchanged, showing reluctance to end an era of record monetary stimulus in a time of market turmoil, rising international risks and slow inflation at home. Stocks erased an advance after Chair Janet Yellen indicated that global developments overshadowed signs of strength in America.