US markets were up in early trade on the back of better retail sales but finished down after a cautious Fed statement noted the sluggish recovery.
Consequently, the Fed have kept interest rates on hold and will push ahead with its additional $600m stimulus package.
Funny old thing sentiment. It was less than a month ago that the announcement of this same stimulus package turned the US markets up following a few days of lower closes as concerns about the recovery grew...hmmm, just wondering which side of the bed I got out of this morning?
No comments:
Post a Comment