Fed Comments Lower Stocks (Bloomberg)
Stocks fell today after U.S. Federal Reserve officials pointed towards maintaining their current pace of tapering stimulus. “The fear might be that they begin to taper too quickly,” Eric Teal, chief investment officer at First Citizens BancShares Inc. in Raleigh, North Carolina, said. “The fact that central banks have really agreed to keep policy stimulative should give investors a little bit of reassurance that they’re not going to undo the recovery that’s taken place.”
