Long-Term Investors Should Ignore Fed's Policy Decisions

The Federal Reserve's policy meeting is currently underway, and investors are eagerly awaiting the outcome. However, experts argue that the central bank's actions don't have a significant impact on long-term market participants.

According to the CME Group's FedWatch tool, there is a 68.5% probability that the fed funds rate will remain unchanged at its current level between 3.5% and 3.75%. The S&P 500 index has shown impressive growth over the past 20 years, with a total return of 749%, regardless of who was leading the central bank.

The market's performance is not significantly affected by the Fed's commentary or votes. In fact, experts suggest that investors would be better off ignoring the Fed altogether and focusing on building a diversified portfolio of high-quality stocks.