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Frugal Tip

Why did market drop after Fed holds its rate?

Mr Cheaply On 1:26 PM

I think the expectation is Fed will hold its rate? I am really confused about the way Fed's decision affects the market.

Submitted May 01, 2019 at 04:10PM by xenocloud1989 http://bit.ly/2vtIaf4

I want to make my 2019 IRA contribution (TOTAL: $6k- I'm going to hold long-term whatever I buy; probably adding to my Schwab etfs), but the stock market is at an all time high right now. I think it's safe to say the market will go down at some point in the next year...
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