The Fed reiterated that the Fed funds rate would stay in the 0% to 0.25% range for the foreseeable future and confirmed continued bond-buying. The Fed may also consider yield-curve control policy.
Economy Adds Jobs in May and Dow Adds 6.8% This Week
Cash-like ETFs lost their appeal with the Fed's intervention; long-term treasury bond ETFs fell out of favor as well. Time to snap up intermediate bond ETFs?
Market Roars Back on Trillion-Dollar Stimulus Plan