Unpacking the confusing Fed decision: What does it mean for your investments?

Wall Street still has more to unpack from Wednesday's Federal Reserve meeting, one that showed a deeply divided U.S. central bank that could add to market uncertainty. Stocks were mixed following Fed Chair Jerome Powell's post-meeting presser, with the Dow Jones Industrial Average jumping 260 points, while the S & P 500 and Nasdaq Composite fell. The bond market vacillated, with the 10-year U.S. Treasury yield dipping below 4% before rising once more. The U.S. dollar dropped following the Fed decision. Those wavering signals reflect the divisions within the Fed. The central bank reduced interest rates by a quarter percentage point — in what Powell called a " risk management " cut — and signaled two more cuts coming this year, to address a weakening labor market and higher inflation. Within