Scott Minerd, Guggenheim Partners co-founder, reacts to the decision by the Federal Reserve’s policy-setting Federal Open Market Committee to leave rates unchanged and scale back the Fed’s projected interest-rate increases this year to zero.
The Bloomberg dollar index tumbled 0.5 percent on Wednesday, making it the worst day since January, after Fed policy makers unexpectedly signaled they’d hold their rates benchmark steady all year because of troubling signs from the economy.
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