Fed Drops a Lump of Coal in Trump Market’s Xmas: John Authers

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Today’s Points:

• Yes, the FOMC cut rates — but as reluctantly as they possibly could.
• No, you can’t be sure they’ll cut them any more.
• Markets didn’t want to hear it — bonds and stocks tanked, Korea’s in trouble and Brazil is in crisis.
• And just when you thought you could get ready for Christmas, the US is staging another government shutdown cliff-hanger.
• AND a whole lotta more great sequels

Oh Say Can You FOMC!

Every so often, things happen just as expected. That’s what happened Wednesday ...