The Fed had their FOMC meeting today. They concurred that the recovery was super slow and that they didn’t expect anything different for the next little while. It’s a murky time in history to be in the stock market and it can be difficult to develop a sensible investment strategy in this kind of environment.
The Fed acknowledged the jobless state of this recovery and continued to pledge that they would keep the borrowing costs low to keep credit cheap. This is an effort to help businesses get financing easier so they can hire people and create jobs. It’s clearly not working like they would have hoped, but they are staying the course.
