Fed holds tight

As I wrote this morning all eyes are on the Fed. As I said it keep rates the same due to the actions of Mario Draghi and the ECB yesterday

Here are the future prices as of 1:50 PM just prior to the announcement on rates.

Crude Oil Futures 53.65 -0.25 -0.46
Brent Crude Futures 61.90 -0.24 -0.39
Gold Futures 1348.90 -1.80 -0.13
Silver Futures 14.955 -0.038 -0.25
DJIA Futures 26489 -15 -0.06
S&P 500 Futures 2921.75 -4.45 -0.15

As you can see there was no real movement until 2pm as seen below:

DJIA 26525.50 59.96 0.23
S&P 500 2923.26 5.51 0.19
Nasdaq Composite 7969.76 15.88 0.20
Japan: Nikkei 225 21333.87 361.16 1.72
UK: FTSE 100 7403.54 -39.50 -0.53
Crude Oil Futures 53.67 -0.23 -0.43
Gold Futures 1348.80 -1.90 -0.14

There was an initial pop with Dow Jones industrials hitting 70. There was a minor pullback and then a move higher.

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