The Federal Reserve is widely expected to raise its benchmark interest rate and may also provide details on its plans to shrink $4.5 trillion of assets it amassed to nurse the economic recovery. Economists polled by Reuters overwhelmingly see the Fed raising its benchmark rate to a target range of 1.00 percent to 1.25 percent.
Exactly four years ago, Groupon Inc’s initial public offering was priced at $20, valuing the company at $13 billion. The stock fell 30 percent on Wednesday to as low as $2.79, giving the operator of daily deals website groupon.com a market value of less than $2 billion. FED Wall Street edged lower after Federal Reserve