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TSP Talk Blog

This and that about the market, the TSP, maybe some politics, and life.

  1. TSP Talk: Wild afternoon of trading after interest rate hike

    Stocks suffered through huge swings yesterday after the release of the Federal Reserve's interest rate hike, policy statement, and press conference. Investors interpreted the policy statement as dovish, but Jerome Powell was much more hawkish at the press conference afterwards, causing the big reversals. The Dow lost 505-points after trading in a 932 point range and giving up a 400-point gain. Yields and the dollar also flip flipped as both ended the day higher despite falling earlier in the ...
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