The indexes were in a new coma today until the Fed announcement at which point they jumped a bit to the upside. The S&P 500 gained 0.13% and the NASDAQ 0.21%. Since all the discussion was about the Fed today, we’ll focus on what happened there. Unlike what some had assumed, there was no language changed in terms of an interest rate hike coming sooner than anticipated. Many economists and traders had expected the U.S. central bank to alter the rate guidance it has provided since March, given generally improving data on the economy’s performance. But the Fed repeated its assurance that rates would stay ultra-low for a “considerable time” after a bond-buying stimulus program ends.Continue reading
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