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Market’s Reaction to FOMC Seems Odd

I’m not a macro guy, mainly because none of the macro experts can ever agree on anything, and so much is based on interpretation in any case! For me, Wednesday’s FOMC meeting didn’t seem like the panacea that should justify the immediate euphoric market reaction. But what I “think” is irrelevant! In one article alone I read that GDP was expect to grow more than anticipated, but there were dangers of the economy softening … much like my brain felt after I’d read several sets of two polar opposite possibilities just a few sentences apart inside the same article! What about inflation and jobs? And the Fed’s resulting interest rate policy? Again, opinions and counter opinions all in the same piece, thereby rendering the article pretty unhelpful overall. So, last week I had suggested

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