“Initial stock-market reaction: bullish.
U.S. stocks jumped on the news that Fed officials have dialed back how much they expect to raise rates this year. The S&P 500 sat slightly in the red just before the statement was released, but shot into positive territory for the day after it crossed. But the move wasn’t a massive one, and it’s already given back some of its gains.
The S&P is now up about 0.2% on the day to 2019.”