fed will continue to pull down interest rates. good for people who borrow in near future. bad for people who wanna save in safe investment vehicles like CDs.
Ben Bernanke has declared QE will continue. The Fed will continue to buy $85 billion worth of US treasuries and mortgage backed securities each month for the forseeable future. This is really bullish for bonds and I guess stocks as well. Bad for the US dollar.
Some speculated that this was going to stop, possibly as soon as today's meeting. It will not stop. Gas, food, metal, & housing prices will continue to rise aka inflation.
Market is so used to this $85 billion/month stimulus that it's no big deal anymore. Probably just a temporary bullish move. Not sure what the exit strategy is. There might not ever be one, which is going to be a bad time for all if not.