Market Recap for Wednesday, July 27th, 2016 Fed Days usually cause quite a stir. But it’s hard to believe that it was a Fed Day by just looking at today’s end of day numbers. In the morning, stocks opened higher and immediately sold off. The major indices then traded sideways ahead of today’s 2PM Statement. Here are today’s Fed Statement “takeaways”: Interest rates were left unchanged. Risks to the U.S. economy have diminished. The labor market has strengthened. The Fed continues to “closely monitor” inflation and global concerns. Overall, it was a lot of the same thing that we’ve been hearing. But many traders felt that the statement was […]
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