Stocks hold their gains on Wall Street after Fed statement
Stocks hold their gains on Wall Street after Fed statement
By DAMIAN J. TROISE, ALEX VEIGA and STAN CHOE
Stocks on Wall Street closed broadly higher Wednesday after the Federal Reserve signaled it may begin easing its extraordinary support measures for the economy later this year.
The central bank said it may start raising its benchmark interest rate sometime next year, earlier than it envisioned three months ago. It also said it will likely begin…