Wall Street sank on Wednesday as Federal Reserve policymakers gave mixed signals about their next move after cutting interest rates by a quarter of a percentage point in a widely expected move. With continued economic growth and strong hiring “the most likely outcomes,” the Fed nevertheless cited “uncertainties” about the outlook and pledged to “act as appropriate” to sustain the expansion. “The main concern (for stock investors) is there might not be another cut, and that’s why you had a little bit of a sell-off,” said Alan Lancz, President of Alan B. Lancz and Associates in Toledo, Ohio.

source https://finance.yahoo.com/news/us-stocks-feds-mixed-signals-192254689.html?.tsrc=rss