Stock Market Update

[BRIEFING.COM] There has been some volatility since the Fed decision and release of the Summary of Economic Projections at 2:00 p.m. ET, but we would venture to say that the market has not shown a strong reaction to the news. The S&P 500 is not far from where it was when the news hit at 2:00 p.m. ET.

Treasuries, on the other hand, saw their gains from earlier in the day wiped away, while the U.S. Dollar Index saw a pop that reflected an expectation for the Fed to continue to stand pat with its policy rate. The U.S. Dollar Index is up 0.1% to 98.90 after being down 0.3%.

Most S&P 500 sectors are still higher for the day but have faded back from higher levels seen before the Fed decision.