StockPulse Market Brief with Chris Marcus for September 26, another Fed Raise136 Views
As expected, the Federal Reserve raised interest rates by a quarter point on Wednesday. Yet as is often the case, the real meat was in the commentary. Where the Fed raised its economic outlook and dropped the 'accommodative’ language. Interestingly the Fed also asserted that inflation is under control, despite a June report that already showed prices rising at 2.8%, well above the Fed’s 2% mandate.