Why the Dow got spooked by the Federal Reserve:
The Federal Reserve was more dovish than many observers expected, so why aren’t the Dow Jones Industrial Average and other stock indexes doing better?
That the market isn’t up, let alone up more, could be seen as a surprise given just how far out of its way the Fed went not to upset it. It doesn’t expect rate hikes in 2019, and it also set a level for how much it will let its balance sheet shrink. All good, right?
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