The Wenatchee World

Weather:

Weather

The latest extended forecast from The Weather Channel

Remove this weather forecast

Tonight

Lo58° Mostly Clear

Tuesday

Hi86° Sunny

Tuesday Night

Lo59° Clear

Wednesday

Hi95° Sunny

Wednesday Night

Lo66° Clear

Thursday

Hi99° Hot

Thursday Night

Lo68° Clear

Friday

Hi99° Hot

Friday Night

Lo69° Mostly Clear

Saturday

Hi101° Hot

Wall Street

Send to Kindle
Print This

NEW YORK (AP) — The latest news from the Federal Reserve spooked investors Wednesday.

Stock and bond prices fell after minutes from the Fed’s latest meeting showed that the U.S. economy was improving steadily enough to warrant a reduction in stimulus in “coming months.” The Fed has been buying $85 billion every month in Treasury and mortgage-backed bonds, which keeps long-term interest rates artificially low and makes stocks seem inexpensive in comparison to bonds.

View my options or Sign in