The Federal Reserve held its last policy meeting six days ago. But it feels like it's been 60 days, given the unnerving shift in markets that's taken place in the three trading sessions since then — a 7.2% drop in the S&P 500 that has left the index 17% below its early January high.
- It's the kind of moment when you might expect heightened chatter about the Fed relenting on its interest rate hike plans. But right now, all signs point to the Fed being less reactive to markets than it was in the not-too-distant past.
