May be this is the main news: The Fed Gets a New Reason to Keep Stimulating
The Federal Reserve chairman has rattled investors recently by suggesting the Fed could curtail its easy-money policies later this year as the economy gets stronger. Problem is, the economy isn’t getting stronger. Not yet, anyway. In fact, it’s weaker than we thought.
Economic growth in the first quarter, it turns out, was just 1.8%. The government’s earlier estimate was 2.4% growth. Revisions in economic data are common, but that’s a large and surprising drop. And it comes at a particularly sensitive time for financial markets, when changes in the real economy are likely to directly influence Fed policies that determine the direction of stock and bond prices.(the FR that triggered the sell-off
now reviewed Q1 ER and said that expected better. It suggests that will continue the QE program.