Fed holds, market shrugs: what the tape did after the statement
The Fed left rates unchanged and the statement barely moved. Stocks chopped for an hour, then drifted higher into the close while long bonds gave back the morning bid.
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Stock Market Research
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The Fed left rates unchanged and the statement barely moved. Stocks chopped for an hour, then drifted higher into the close while long bonds gave back the morning bid.
Read newsletter →
The decision lands on the 29th. Here are the three outcomes I think are possible, what each would do to the tape, and the plan I've written down for each so I'm not deciding live.