In the span of a year, the Federal Reserve has turned, for stock markets, from a harbinger of doom to a beacon of hope.
Of course, the material facts between the two Fed meetings were markedly different. The Fed, as expected, left interest rates unchanged this time, compared with a 75-basis-point hike last year.
But the circumstances surrounding the Fed's decision are different too. Recession fears gripped investors last year. Today, the Fed's upgrading its assessment of the U.S. economy, stating that"economic activity expanded at a strong pace in the third quarter." in the third quarter — are signs of moderating growth. Private payrolls increased less than expected while manufacturing activity in the U.S.
But when viewed against the events a year ago, it's undeniable much progress has been made on multiple fronts. Even as investors are absorbed in the day-to-day gyrations of the market, it's a reminder that, in the long run, things do pick up.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
CNBC Daily Open: Markets’ bounce may be short-livedAfter a rough week amid accelerating inflation and disappointing earnings, stocks bounced to start the week. But the recovery may not last.
Weiterlesen »
CNBC Daily Open: Market bounce may not lastAfter a rough week amid accelerating inflation and disappointing earnings, stocks bounced to start the week. But the recovery may not last.
Weiterlesen »
CNBC Daily Open: Market bounce may not lastAfter a rough week amid accelerating inflation and disappointing earnings, stocks bounced to start the week. But the recovery may not last.
Weiterlesen »
CNBC Daily Open: A history-making three months for stocksThe last day of October was sweet for markets, but it was more trick than treat for the rest of the month.
Weiterlesen »
CNBC Daily Open: A history-making three months for stocksThe last day of October was sweet for markets, but it was more trick than treat for the rest of the month.
Weiterlesen »
CNBC Daily Open: Can stocks climb out of their three-month hole?The last day of October was sweet for markets, but it was more trick than treat for the rest of the month.
Weiterlesen »