Fed Holds Interest Rates Steady; Economy Not Improving
The Fed held interest rates steady at 0% to 0.25% because the economy is not improving. Fed also will not have a QE3. Therefore, there will be no more artificial support for the bond market or the stock market. In addition, with the bad economy, retail stores will not do as well. I am betting that hhgregg's stock is going to take a big hit. It already took a hit today and there is more selling coming. Feel sorry for those who bought today at $15.26.