The Federal Reserve announced the end of its landmark quantitative easing program Wednesday, and investors found the Fed's overall policy statement more hawkish than expected. Here are the highlights of today's Federal Reserve policy statement.
The Dow fell about 61 points, with a weak performance by banks and energy
Interest rates, now at historic lows, should be raised, says Philadelphia Fed president. He argues the central bank should push up interest rates in 'the not-too-distant future.'
Despite a 3/4-point rate cut Tuesday, mortgages are costlier than a month ago.