Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

U.S. Stocks Fall as IMF Cuts Outlook, Warns on Stimulus Exit

June 14 (Bloomberg) -- U.S. stocks fell after the International Monetary Fund cut its 2014 growth outlook for the nation and urged the Federal Reserve to carefully manage its exit from monetary stimulus plans.

The Standard & Poor’s 500 Index dropped 0.4 percent to 1,629.93 at 11:06 a.m. in New York.

The Washington-based IMF lowered its prediction for 2014 to 2.7 percent, from 3 percent growth predicted in April. It left its U.S. growth forecast for this year unchanged at 1.9 percent.

The IMF sees the Fed maintaining large monthly bond purchases until at least the end of this year and urged the central bank to carefully manage its exit plan to avoid disrupting financial markets.

Link to Company News:{13347Z US <Equity> CN <GO>}

To contact the editor responsible for this story: Jeff Sutherland at jsutherlan13@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.