Based on what you've shared, I'd say the bike sounds two small. One and one half inches is a BIG difference in terms of bike fit.
Let's start with your seat post set back. Your saddle should ideally be set up so that your knee is roughly over your pedal spindle when your pedal is at three o'clock. I say roughly because some people like to be a little behind (I'm one of those) or a little forward of this position. But it's a good starting point. From there, the fitter should tinker with your saddle height and may have to fiddle with fore/aft position again before you lower body is set up correctly.
At this point, you can begin to play around with your upper body position by doing one of several things: Playing with stem length and rise, changing the spacers below or above your handlebars, adjusting the handlebars themselves. There is some limit to the changes you can make on the front end of the bike before the handling gets weird or you feel off balance. Even if you make certain changes, i.e., lengthening the stem, the bike could still feel too cramped for you.
YOU SHOULD NOT adjust your saddle in order to effectively lengthen or shorten your reach. So, when you go to the LBS to get fit on this bike again, tell them in no uncertain terms that you want your saddle adjusted with respect to your knees, not your reach. From there, play with the stem to see if a modest change helps. I'm guessing, however, that the bike is too small for you and that you're just going to feel cramped.
I have a bike that's too small for me. Notwithstanding a number of tweaks and multiple professional fittings, it's just not comfortable. I bear way too much weight in my hands and even a short ride kills me.
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