Late Words from FED Sink Stocks

Stocks were enjoying moderate gains until the FED released its statement after its two day Open Market Committee Meeting today.  Although the FED said that it would remain "patient" when it comes to raising rate and that they would expect inflation to rise toward its target, which we know is 2%.  Unfortunately they had to keep talking.  Then they mentioned that they would not waver from raising rates later this year.  Although pundits would be surprised if that occurs. hearing it caused stocks to tumble.  The Dow closed down 195 points as a result.