Two of the big economic stories—interest rates and the stock market—came together in the aftermath of the most recent Federal Reserve meeting. The Fed opted to keep rates where they are (not a surprise), but the statement and Janet Yellen’s press conference were unexpectedly dovish, suggesting that rates are likely to stay much lower than the Fed had previously indicated. The expectation dropped from four increases in 2016 to just two, which surprised and encouraged the stock market.
Click the photo to see the full article.