The market place views the latest FOMC statement as even more accommodative than before.
As a result, gold surged in anticipation that the FOMC might undertake further accommodation after all.
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And broader financial conditions will remain ultra-accommodative after QE is ended, the latest FOMC statement read.
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The release of a post-meeting statement from the FOMC is scheduled for Wednesday at 12:30 p.m.
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Recent FOMC statements have seen markets move significantly in the immediate aftermath of the statements.
The individual voting FOMC members are expected to offer their expectations for future interest-rate direction.
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Crude oil prices were weaker Wednesday morning, but turned firmer following the FOMC statement.
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The market place viewed the latest FOMC statement as even more accommodative than before.
FORBES: Comex Gold Soars To 6-Week High In Wake Of "Dovish" FOMC Statement
The precious metals markets were under modest selling pressure prior to the FOMC statement.
FORBES: Comex Gold Soars To 6-Week High In Wake Of "Dovish" FOMC Statement
Investors will also be on the lookout for FOMC minutes from the September 20-21 meeting.
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Also, the FOMC begins its meeting on Tuesday, with an announcement the following day.
The ADP jobs report, ISM Manufacturing Report, and the FOMC announcement spooked the markets.
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At the November 3rd FOMC, Ben Bernanke and company finally pulled the trigger.
The FOMC also said it would study the potential benefits of purchasing longer-term Treasury securities.
The March FOMC minutes cemented the view that there is dissent among policy makers.
The FOMC meeting ends on Thursday afternoon with Fed Chairman Bernanke holding a press conference.
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On Thursday, we have the jobless claims and Producer Price Index, followed by the FOMC announcement.
Although it seems ages ago, the FOMC announcement was a highlight of the week.
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Such a move would put pressure on the FOMC to combat inflation with higher interest rates.
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The FOMC meeting held on Tuesday and Wednesday could be a factor in market direction.
Nobody wants to be labeled a flip-flopper, not even a member of the FOMC.
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Mr. Frank has now proposed that the Reserve Bank presidents be removed from the FOMC.
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The U.S. dollar index traded higher and hit a fresh daily high following the FOMC statement.
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The two-day FOMC meeting ends Wednesday afternoon with its official policy statement to follow.
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The FOMC statement gave an arguably upbeat assessment of the overall U.S. economic condition.
The FOMC signals changes in its outlook by altering the wording in its post-meeting statement.
Just last month, the FOMC listed mid-2013 as the possible date for the first rate increase.
The U.S. dollar index was weaker most of the day Wednesday, before the FOMC-inspired modest rally.
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This week, the FOMC starts its meeting on Tuesday, with their announcement following on Wednesday afternoon.
Asian stock markets were also weaker Thursday, following the release of the U.S. FOMC minutes.
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