Well the FED’s statement was not too far off from what Chris suggested they might say. But the market reaction is wierd to say the least. It looks like both the bulls and the bears think the FED said what they wanted to hear. The dollar is looking to end the session up, with gold and oil also ending the day up. I guess it will take a couple of days for it to all get sorted out!

Or longer, Phil

Good review of the interest rate environment & Bond market. Always appreciated!