Stocks Close Lower as June Rate Hike Is 'Not Off the Table'

April 29, 2015 8:31 PM

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NEW YORK (TheStreet) -- It was a choppy final hour of trading Wednesday as stocks closed lower and investors tried to figure out when the Federal Reserve might actually start raising interest rates.

On the one hand, the Fed didn't rule out a possible June rate hike in its latest policy statement, and that spooked markets.

Also read: YELLEN: The Fed is close to its goals and expects to hike rates 'a few' times this year

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