Stocks, The Fed, and Bonds, Oh My
Stocks took a volatile turn, as the major U.S. indexes fell around 2% overall in a week punctuated by a sharp decline on Wednesday. However, a partial recovery rally on Friday offset much of the earlier drop. The Fed approved a widely anti-cipated quarter-point rate cut, but its forecast for two further cuts next year marked a retreat from earlier expectat-ions for about four. (Read More)