- In December, after the Federal Reserve signaled a more cautious approach to interest rates, the stock market had one of its worst days all year. The central bank has now done as expected—it left interest rates where they were.
The first Federal Reserve meeting of the year has happened, and the central bank has announced its much-awaited policy decision today. Traders in the Federal funds futures market weren’t pricing in a cut. In fact, 99.5% see the Fed leaving its key interest rate unchanged.
