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Wall Street edges lower after Fed raises rates

Reuters  |  NEW YORK 

By Lewis KrauskopfNEW YORK (Reuters) - U.S. stocks edged lower on Wednesday after the Federal Reserve raised interest rates for the second time in three months and weaker oil prices weighed on the energy sector.The U.S. central bank cited continued U.S. economic growth and job market strength, proceeding with its first tightening cycle in more than a decade. The Fed also said it will begin cutting holdings of bonds and other securities this year."I don't think that there is really too much new in here outside of the fact that the Fed remains committed to the slow gradual normalization process ...

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First Published: Thu, June 15 2017. 01:44 IST