You really can't lump all the investors together. I would suggest that savers were hoping for more, while stock investors were hoping for less.deal_with_singh wrote: ↑Mar 15th, 2017 10:03 pmJust in case you guys were wondering what happened today...the reason PM's went up, and USD went down is there is a gloomier outlook on the economy along with the hike, and its decreased expectations by 1 less rate hike this year than previously expected. Basically investors were hoping for "more" than what was expected, but only "what was expected" came in.
The question was asked at the press conference and Yellen avoided the question, why is the Fed raising rates when the fed themselves are predicting a .9% GDP 1st quarter? In January they were predicting that number to be 3.4% ......... https://www.frbatlanta.org/cqer/researc ... px?panel=1
The rate hike has caused further flattening of the yield curve.
Maybe they know that bad times are ahead and they will need room to move interest rates down.....who knows???? One thing for sure is the Federal Reserve is not some altruistic organization that is looking out for the best interests of the average citizen. It is owned by the member banks and will do what is best for their shareholder members.