RE:Fed policy statement, economic projections due at 1900 GMT https://www.cnbc.com/amp/2021/12/15/follow-along-to-real-time-updates-of-the-big-fed-decision-and-powells-press-conference.html
And, now we know. Smart people kept their dumb money in. Boom, into the green we go!
Why stocks are moving higher on the decision
Here's what Jim Caron of Morgan Stanley Investment Management thinks of the Fed's moves.
"So now you told us...the known unknown becomes a known known and the market is strong enough to handle three rate hikes. We were already pricing in about three rate hikes anyway....the uncertainty is removed from the market. From an equity perspective, now they just have to focus on earnings, margins and growth. It's kind of a sigh of relief to the equities market who thought it might be much more aggressive. It's kind of what we were thinking anyway."
glta
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