Market Confusion: Fed Pause Lifts Asian Shares, But Sliding Stocks Follow in Huntsville.

The Federal Reserve's decision to hold interest rates and signal future hikes at the same time has confused and baffled many market commentators. While some, like Larry Summers and Mohamed El-Erian, see the move as inconsistent and confusing, others, like David Rosenberg, believe it was a strategy to prevent the stock market from soaring. The Fed's decision to pause on rate hikes was driven by internal politics and risks to rate-sensitive sectors of the economy, but policymakers still project two more 25-basis-point increases before year-end.