Wall St. Ends Off Day’s Highs as Fed Sees Inflation Rising<br />The Dow Jones Industrial Average rose 73.74 points, or 0.28 percent, to 26,150.63, the S&P 500 gained 1.47 points, or 0.05 percent, to 2,823.9<br />and the Nasdaq Composite added 9.00 points, or 0.12 percent, to 7,411.48.<br />(Reuters) - U. S. stocks finished marginally higher on Wednesday as indexes gave up early gains after the Federal Reserve<br />said it sees inflation rising this year, signaling it remains on track to boost interest rates again in March.<br />Stocks were lifted earlier Wednesday by a surge in Boeing which forecast better-than-expected full-year profits<br />and said it expects to deliver a record number of commercial aircraft in 2018, sending its shares up 4.9 percent.<br />The central bank raised rates three times last year<br />and sees three additional hikes in 2018 even as it continues to trim its balance sheet on a largely pre-set schedule.<br />The Fed kept rates unchanged but, in a statement following its two-day policy meeting, it repeated<br />that it expected that "further gradual" rate hikes will be warranted.
