The Fed's Fuzzy Math: A Recipe for Market Volatility The Dow's 2. 2% plunge on Wednesday marked its worst day of the year, leaving investors wondering if the Federal Reserve is losing its grip on monetary policy.
Despite a statement from the committee touting economic activity as "expanding at a solid pace," the market's reaction suggests otherwise. The decision to maintain interest rates between 3. 5% and 3.
75%, in a 9 3 vote, represents a significant shift from last month's unanimous support for no rate hike. The dissenting votes, which favored a 0.