Stocks slip after Fed says interest rates will rise faster

NEW YORK (AP) — U.S. stocks slipped Wednesday after the Federal Reserve raised interest rates and said it expects to increase rates two more times by the end of the year. Investors bet that several huge deals are more likely to happen after a federal court cleared AT&T’s $85 billion purchase of Time Warner.

Wall Street was already certain the Fed would raise interest rates Wednesday. The central b...