Getting Defensive When the Fed Pauses on Interest Rates
May 03, 2019 at 07:00 AM EDT
On Wednesday, while the central bank elected to keep interest rates static, the markets dipped into the red with the Dow Jones Industrial Average falling over 160 points. With a U.S.-China trade deal already priced into the markets, investors were looking for another trigger event–a rate cut–except the Federal Reserve passed on that notion and stayed put.