Analysts at ING offered a market snapshot post the FOMC.
"Markets were quiet in the lead-up to the FOMC decision. Equities in the US and Europe were largely unchanged with the USD on the back foot, and yields trading in a 1bp range. Following the FOMC decision, US yields increased, the USD moved higher against most crosses, and equities fell marginally."
"However, immediate moves were generally being pared. After testing back above 3%, the yield on the US 10-year note is currently at 2.97% (+1bp). WTI oil prices jumped 0.5%, after the EIA reported an unexpected fall in oil inventories in the US."
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