U.S. stocks plunge as Fed action disappoints
equities, markets, rate cut, sell off 7:22 PM
but why would the market fall?
"There are some players out there who were hoping or estimating they would cut a little bit more," said Stuart Freeman, chief equity analyst at A.G. Edwards & Sons Inc.
"Obviously the market would have responded positively to a half (point cut in the Fed funds target rate) and a half (point cut in the discount rate, or even a quarter (in the Fed funds target rate) and a half in the discount rate," said Freeman.
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Posted by OscarNOW
on 7:22 PM.
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