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.
(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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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.