What Analysts Are Saying After Fed Rate Guidance Hammers Stocks

• The Federal Reserve cut its benchmark interest rate Wednesday to between 4.25% and 4.5%.
• The central bank also projected two cuts next year instead of four, sending stocks tumbling.
• Many analysts see the reaction as overdone.

The Federal Reserve cut its benchmark interest rate on Wednesday to a range of 4.25% to 4.5%, bringing its decline since mid-September to 100 basis points.