US stocks fell sharply as half of FOMC members forecast a rate hike this year, with the S&P 500 down 1.21%, Nasdaq off 1.34%, and Bitcoin under pressure

U.S. stocks dropped on speculation the Federal Reserve may raise interest rates this year to keep a lid on inflation.

NEW YORK — The U.S. stock market is wavering Wednesday after several officials at the Federal Reserve indicated they may raise interest rates befor...