Tim Hopper and Fed

TIAA Global Asset Management Slower: Read:Recap of live blog and video of Fed decision and Janet Yellen press conference The fact that the Fed is more concerned about the slowing economy and that the delay is not temporary, is not positive news for equities, said Tim Hopper, chief economist at TIAA Global Asset Management, according to Market Watch. Slower economic growth will mean lower earnings growth going forward and potentially lower stock market returns. The Fed acknowledged that hiring slowed and that business fixed investment was soft and signaled a slower approach on raising borrowing costs. At this stage, with the dollar steady and inflation creeping up, the Fed inaction would be accommodative, Hopper said. Bad news is bad news right now— Michael Antonelli June 15, 2016 The S&P 500 SPX, -0.18% which at the session high was up 10 points, ended with a loss of 3.82 points, a decline of 0.2%, at 2,071.50. This whole FOMC event reads dovish yet the market is selling off. (news.financializer.com). As reported in the news.