How equities finished the day sums up how Wall Street felt about Kevin “Completely Wrong” Warsh’ post-FOMC press conference. “Completely Wrong” completely screwed the pooch.
The FOMC raised the federal funds rate 25bps.
The Dow dropped 631 points.
The S&P 500 dropped 34 points.
The NASDAQ Composite broke even.
Wall Street was not impressed by “Completely Wrong.”
