The Fed Met and Did What Exactly?

The policy making committee of the Federal Reserve met this week and didn’t cut interest rates. That was as expected. But if it was so widely expected, why did anyone care? Does the Fed have access to information the rest of us don’t? Does it have crystal balls which actually work? Are the voting members on the committee that much smarter? Or have we given the Fed magical powers it doesn’t really have?

In this week’s Trading Perspectives, Sam Clement and John Norris discuss the most recent Fed meeting and what it means for the economy, if anything.