US equity indexes mostly closed rather mixed, SPX -0.7pts (0.02%) at 4566. Nasdaq comp' -0.1%. Dow +0.2%. The Transports settled +2.7%. R2K +0.8%
SPX - daily
VIX - daily
Summary
US equities saw a natural holding pattern into the FOMC announcement.
The Powell duly appeared at 2.30pm...
Ohh, a data driven approach? Then why raise rates after the recent CPI and PPI data, which shows a very strong deflationary wave?
Equities saw moderate chop, with the collective of indexes settling 'mixed'.
With the uncertainty of the Fed out of the way, volatility was ground lower, the VIX settling -4.8% to 13.19.
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Goodnight
from London
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