FOMC decision shake or stabilize the market?
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Kevin Warsh and his team decide to maintain rates, which is largely in line with market expectations. However, he did announce that there would be no more forward guidance. This means we will no longer know what will happen at the next fed announcement until it happens.
Think the mag 7 companies didnt like this news and was red for a bit, although they did recover slightly towards closing. As a retail investor, I am not thrilled by the removal of forward guidance as I will be stripped off one financial indicator. However, it is not the end of the world and the investment journey goes on.
To end this post with a classic Trump move, pointing fingers.
@PawsAndProfits - Specialist in combining FA and TA for options selling and swing trading.[Claw]
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