Stocks slide as Fed projects rate hikes

By Pete Schroeder
Updated June 17 2021 - 7:09am, first published 7:05am
Stocks closed lower after investors learned of sooner than expected rate hikes.
Stocks closed lower after investors learned of sooner than expected rate hikes.

Markets were jostled Wednesday after US Federal Reserve officials projected interest rate hikes sooner than expected, with stocks sliding and the dollar jumping on the news.

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