The Dow on Day Of and Day After Fed Decisions During Current Tightening Period

Aug. 8.06 | About: SPDR Dow (DIA)

While the markets reacted very nicely after the Fed raised rates in late June, as a general rule stocks are up less than a tenth of a percent in the two-day period surrounding Fed days.

Here are the charts:

fed day6/29

2 yr fed composite