By Bryan Bottarelli Whenever you have a trading day when a critical Fed decision comes out later in the afternoon – you typically see a muted trading session leading up to that release.
After all, traders typically aren’t willing to commit a large amount of new capital in front of an announcement that could send the major market averages zooming in either direction.
When it comes to Fed reactions, the market’s direction is usually a coin-flip scenario that hinges upon the interpretation of one seemingly irrelevant word in the statement, such as “but” or “however.”
I know, it seems pretty ridiculous…
Leading up to this announcement, Federal …read more
