U.S. stocks were headed solidly lower Wednesday afternoon as the market appeared not to take a June policy statement and economic outlook as not supporting further buying in equities (or bonds for that matter). The decline put the Dow Jones Industrial Average on track to close below its 50-day moving average for the first time since March 3, according to Dow Jones Market Data. At a news conference after the Fed’s statment was released, Chairman Jerome Powell said he expects that inflation will b
