CNBC is providing “instant reaction” today after the U.S. Federal Reserve’s meeting on interest rates.
Well, what we need is not “instant reaction” but “instant analysis.”
So, in a 24/7, all-news-all-the-time environment, what we need are jourAnalysts.
Not just blah, blah, blah…
As always, facts and analysis are expensive, opinions and reactions are cheap.
UPDATE: The CNBC coverage of the new rates was as good as possible, but again the Federal Reserve decision was not the one expected by 51% of the experts surveyed by CNBC before the breaking news.
These financial analysts are, poor guys, out of the loop.