Here's what the stock market liked from the Fed

"I think they're fully planning on cutting in July, absent stronger data," said Ed Keon, QMA chief investment strategist. "The market liked it now, but it's important to keep in mind, rate cuts are not a magic wand. There is clear evidence of weakening of economic conditions."

"That was the biggest surprise in terms of the dovishness. The market was already heading in fairly dovish and everyone did anticipate them taking out the word 'patience,'" said Leslie Falconio, senior strategist with UBS Global Wealth Management Chief Investment Office. "It was really the dot plot that came off on the dovish side."

While the markets took the Fed as dovish and ready to move, some economists stuck with their forecasts for no cuts. "If seven of them think they need to cut twice in 2019, what are they waiting for?" said Briggs. "They're going to have to follow the market...granted the majority didn't think they needed it but this is an awful fine line."

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Cramer Remix: What I'm expecting from the Fed on WednesdayJim Cramer lays out what he anticipates from Jay Powell ahead of Wednesday's Fed meeting and what it could mean for the market. What will the Pajama Traders do... And every billionaire has got their finger on the trigger, trying to second guess, Do we shoot this dog or NOT ? ! ?
Source: CNBC - 🏆 12. / 72 Read more »

Markets Bet on Fed Rate Cut—but Goldman, UBS and Others Don’t AgreeDespite the market’s conviction, analysts from Goldman Sachs to Bank of America doubt the Fed will cut rates this summer. As the central bank kicks off its meeting, here’s a look at what analysts are calling for and why. And as we know, those guys are always right. That's BECAUSE Wall St. DON'T want them cut!!! Forced to cancel att after 18 yearsI Moved & no coverage. Account paid off. They didn’t acknowledge new company termination. Still billing and threatened collection agency. Called customer services on hold 30 minutes! ATT badbreakup nocustomerappreciation
Source: WSJ - 🏆 98. / 63 Read more »