WEDNESDAY AFTERNOON UPDATE:
This week’s FOMC meeting has adjourned with a somewhat surprising announcement of a half-point cut in key short-term interest rates. A rate cut was widely expected at this meeting, but the consensus was only a quarter-point move at this time. It appears they are also expecting two more reductions before the end of the year and four additional next year.
9/32
Bonds
30 yr - 3.68%
2
Dow
41,604
32
NASDAQ
17,660