Generally, rate drops are positive for the economy, but the market did not seem to be overly excited by the outcome. Wayne Himelsein, one of my top managers, says when it comes to the Fed the old adage buy on the rumor and sell on the news applies.
Generally, rate drops are positive for the economy, but the market did not seem to be overly excited by the outcome. Wayne Himelsein, one of my top managers, says when it comes to the Fed the old adage buy on the rumor and sell on the news applies.
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