Crazy action moments after...

"FOMC keeps rates at 5.25%, drops reference to possible hike


WASHINGTON (MarketWatch) - The Federal Open Market Committee on Wednesday kept its benchmark federal funds rate unchanged at 5.25% and dropped a reference to the possibility of future tightening. The Fed repeated that "some inflation risks remain," but took out the reference to "the extent and timing of any additional firming." Instead, the FOMC said "future policy adjustments" will depend on the outlook for inflation and growth. In the statement, the Fed said that recent indicators have been mixed and said the adjustment in the housing sector is ongoing. The Fed said that core inflation reading "have been somewhat elevated" but said that inflation pressures are likely to moderate. The Fed has chosen to hold interest rates steady since last June. The decision was expected by traders and economists on Wall Street. End of Story"




I bet "long" just before comments.....looks good so far
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Just because I'm a mod doesn't mean I'm a stock geni........yet.