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Dow drops after Fed signals more rate hikes to come

Stocks ended mixed on Wednesday after the Federal Reserve kept interest rates unchanged but signaled in new economic projections that borrowing costs will likely rise by another half of a percentage point by the end of this year.

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US stocks drop after Fed signals more rate hikes to come

(For a Reuters live blog on U.S., UK and European stock markets, click or type LIVE/ in a news window.) Fed holds rates steady, as expected Indexes: Dow -1.18%, S&P 500 -0.68%, Nasdaq -0.83.

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US stocks drop after Fed signals more rate hikes to come

US stocks drop after Fed signals more rate hikes to come
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Unreliable grid, alternative energy spike borrowing, costs by 50%

With limited capacity to raise the prices of their products, alongside the intensive use of energy, local manufacturers have yet again raised concerns about their inability to manage energy shocks arising from high energy prices in an inflationary environment.

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