[Certified Financial Group]

The Fed taketh away and the Fed giveth: After domestic equities fell in the wake of Wednesday's Federal Reserve announcement, encouraging manufacturing data, also from the Fed, helped stocks rebound to end the week with a gain. The Dow, which has generally been bringing up the rear in recent weeks, led the pack, though it remained solidly in negative territory for the year, along with its overseas counterpart. Meanwhile, bonds took a hit because of questions about the timing of an increase in short-term interest rates.

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And so the beat goes on......................

In my view the Fed has become "the central planner" Time will tell if their actions were beneficial or not but from my view they eliminated many fixed investment options for retirees and have thrown the bond market into an uncertainty and least from a long term strategy. I am not an admirer of the FED..actually fed up with the FED