Market Alert - FOMC

2.97% 10 year ahead of the FOMC decision

Rates unchanged (1.5 -1.75%). Accommodative and will see further rates. 2% target is 'symmetric' meaning it can overshoot/undershoot and be okay.

Expects FFrate to run below normal for some time.

Job gains on average, household spending moderated, business fixed investment growing 'strongly.'

Inflation expectations are basically unchanged.

Basically the Fed is more of the same, a moderately hawkish FOMC that believes more rate hikes are needed. Nothing suggests the schedule has changed.

Stocks sold ahead, recovered, and on the news stocks are moving back to the starting point of the day.

SP500 1.57, 0.06%
NASDAQ 21.69, 0.32%
DJ30 50.71, 0.21%
SP400 0.43%
RUTX 0.65%
SOX 0.06%
Jon Johnson, Chief Market Strategist
InvestmentHouse.com
______________________________________
Alert Key
http://www.investmenthouse.com/alertkey.htm

PLEASE DO NOT REPLY TO THIS EMAIL. USE THE CONTACT US PAGE ON OUR WEBSITE.

Customer Support: http://investmenthouse.com/contact_us.php