After Fed Keeps Rates Unchanged, Market Moves Mostly Higher, But Techs See-Saw
Share: A year after initiating zero interest rates in response to Covid, the Fed’s long-term outlook still doesn’t show it “thinking about thinking about” getting less accommodative with its policy before 2023. Despite mounting 10-year yields and a rapidly improving economy, the median Fed policy outlook doesn’t anticipate any rate hikes until 2023 at the earliest, the same as in December, the Fed said Wednesday following the Federal Open Market Committee (FOMC) meeting. As expected, the Fed left rates at approximately zero for now. Stocks had been down modestly to moderately befo...
Source: benzinga.com
