Responses to FOMC Decision released at 2:00 PM EDT yesterday The FOMC maintained its Fed Fund Rate at 3.50%-3.75% in a 9 to 3 decision. Responses were as follow: S&P 500 Index initially moved higher but closed sharply lower Price on 20+ year Treasury iShares moved sharply lower. Yield moved sharply higher. The U.S. Dollar […]
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