While no one expected the Fed to cut — much less hike — at this meeting, the market always looks for clues about what's next.
Source
CNBC
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Shares of Five Below rallied after hours Wednesday after the teen-centric discount retailer offered an upbeat forecast for this year and said shoppers across all income levels were buying at its stores, helped by efforts to draw younger shoppers and keep apace with viral trends online.
Iran's Revolutionary Guard had threatened to attack energy facilities in Qatar, Saudi Arabia and the United Arab Emirates.
“The markets are reacting negatively to the likelihood that the Fed is on hold for the time being,” says one strategist.
The energy crisis is going to hit you in your 401(k) as well as in your gas tank if Jerome Powell is right.