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Weekly Wrap: Fed Learned Its Lesson; Unraveling Earnings Disappointments

Interpreting this week's Fed meeting. Plus, our take after three firms see their shares fall after earnings.

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The Fed's meeting was the main event this week, as it held rates steady and confirmed it will begin its balance sheet normalization process next month.

As Northern Trust's Carl Tannenbaum explained, the small market reaction to this news is a sign that the Fed really did learn its lesson from the taper tantrum and that it prepared investors for the changes it plans to make.

Jeremy Glaser does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.