Fed Angst Gives Stock Traders Reason to Doubt Profit Bounce
- Equity traders left guessing about the future of global growth
- Lamenting a lost chance to finally get rate increase over with
How Traders Are Feeling After the Fed Decision
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They didn’t raise rates. Do they know something?
Among U.S. stock investors, imaginations are racing over whether the Federal Reserve’s refusal to boost interest rates says more about their view of the world economy than they are letting on. While equity bulls are happy for more months of zero-percent stimulus, a bigger issue is whether inaction bespeaks deeper concern about global growth at a time when corporate earnings have stopped going up in the U.S.