The Federal Reserve did not raise interest rates today. It is not good news or bad news. Simply this is a non action.
You may see the stock market and or precious metals go up or down. These actions are only money making or losing ventures at this point and time. Below is the press conference from the Federal Reserve today:
Most of the comments made are on target. I do not agree that the job markets will improve in the United States. You have evidence, especially from companies like HP, who are under pressure and making job cuts and job replacements out of the US market, that needs to be considered.
You see at some point you need to reduce a known bubble. The 0% interest rate bubble needs to be reduced while you are able to do so. In my opinion, this was a perfectly good time to reduce the size of the bubble.
Either way, the world is not going to end today or tomorrow or even this year. This is about the future and reducing risk in the future, it has nothing to do with what is going to happen over the next few months.
As always people, eyes open, no fear.