The broader market index was down 0.1% in the final hour of trading. The Nasdaq Composite hit its session low, falling 0.8%. The Dow Jones Industrial Average was well off its high, trading just 106 points higher, or 0.4%.
. "With inflation running persistently below this longer run goal, the Committee will aim to achieve inflation moderately above 2% for some time so that inflation averages 2% over time," the Federal Open Market Committee said in a statement. He also added: "With regard to interest rates, we now indicate that we expect it will be appropriate to maintain the current zero to 0.25% target range for the federal funds rates until labor market conditions have reached levels consistent with the committee's assessments of maximum employment and inflation has risen to 2% and is on track to moderately exceed 2% for some time."
Republicans and Democrats have struggled to reach a deal on further stimulus, dwindling hopes of an agreement being struck before the U.S. presidential election in November.
Source: News Formal (newsformal.com)
Blame the fed reserve call on interest rate, but, actually, the WS needs a series of pricing correction and it has done it without shocking trauma to investors.
Cry me a river
There are two negative forces in the market, one is Trump’s fingers and the other is Powell’s mouth.
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