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Recent Reports

Yesterday’s statements made by the Federal Reserve are just beginning to be processed by traders and investors. The immediate knee-jerk reaction and response has now dissipated.

The Federal Reserve’s final FOMC meeting for 2016 concluded today. In a largely anticipated move, the Fed announced an interest rate hike of 25 basis points (.25%). This rate hike accompanied statements containing their new economic forecasts.

In an astonishing combination of unrelated events, tomorrow’s Federal Reserve decision could be the final impetus that motivates traders to push the Dow Jones Industrial Average above 20,000 for the first time in history.