(as of 7:00 AM PST)
Markets are down heavily to start the day. The euphoria from the Federal Reserve Bank decision to leave interest rates unchanged was short lived. It seems to investors that the FOMC knows more about what is out there in terms of global weakness than the analysts, and they don't like it. It could be rocky for awhile as markets digest this new agenda. Oil is down substantially on new fears of global growth weakness while gold is benefitting from a falling dollar, up over 1%. In international news, Asia was mixed and Europe markets were broadly lower.
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