Finance

U.S. stock futures drop after Fed signals no rate hikes until 2023

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Julius Shakari, from California in full PPE gear, takes photos with his friend in front of the Charging Bull, sometimes referred to as the Wall Street Bull, a bronze sculpture in the Financial District of Manhattan New York May 19, 2020.

Timothy A. Clary | AFP | Getty Images

U.S. stock futures were lower early Thursday morning as traders digested the Federal Reserve’s pledge to keep rates low over the next few years.

Dow Jones Industrial Average, which earlier traded just below the flatline, fell 244 points. S&P 500 and Nasdaq 100 futures also traded in negative territory. 

Members of the Federal Open Market Committee indicated the U.S. overnight rate could stay anchored to the zero-bound…

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Source cnbc.com

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