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International Business Times
International Business Times
Business
Demian Bio

Stocks Drop After Fed Officials Anticipate Potential Rate Hike This Year

US Federal Reserve Donald Trump Interest Rates CNBC
Stocks tumbled on Wednesday as Federal Reserve policymakers said they expect to hike interest rates once this year. (Credit: Getty Images)

Stocks tumbled on Wednesday as Federal Reserve policymakers said they expect to hike interest rates once this year.

The S&P 500 slid 1.21%, while the tech-heavy Nasdaq Composite declined further, 1.34%. The Dow Jones Industrial Average also fell by 0.97%.

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