“There really wasn’t anything in the Fed statement that should have spooked investors,” said Karyn Cavanaugh, senior markets strategist at Voya Investment Management, adding that a rate cut wouldn’t be an appropriate move against the backdrop of the U.S. economy that grew 3.2% in the first three months of this year and a national unemployment rate below 4%.

Source: Los Angeles Times May 01, 2019 21:56 UTC