The central bank also lowered its expectations for U.S. gross domestic product growth in 2012, going to a range of 1.9-2.4% from 2.4-2.9%, and adjusted its projections for employment data to reflect slowing growth. The Fed drama led to a choppy session for the major U.S. equity indices. The initial news prompted a sharp sell-off that but stocks battled back into positive territory before again turning lower as Fed Chairman Ben Bernanke met the press later in the day and the updated economic expectations were disclosed.
NEW YORK ( TheStreet) -- Stocks finished mixed Wednesday as investors expressed mild disappointment with the Federal Reserve's much-anticipated decision to prolong its Operation Twist bond maturity extension program.
2012 Stock Predictions and Outlook
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