Stocks rise broadly on Wall Street after Fed statement
Stocks rise broadly on Wall Street after Fed statement
By DAMIAN J. TROISE and ALEX VEIGA
Stocks were broadly higher on Wall Street Wednesday afternoon after the Federal Reserve signaled it may begin easing its extraordinary support measures for the economy later this year.
In a statement issued at 2 p.m. Eastern, the central bank said it may start raising its benchmark interest rate sometime next year, earlier than it envisioned three months…