Michael Gouvalaris | Feb 02, 2014 02:37AM ET
"The Committee continues to see the improvement in economic activity and labor market conditions over that period as consistent with growing underlying strength in the broader economy. In light of the cumulative progress toward maximum employment and the improvement in the outlook for labor market conditions, the Committee decided to make a further measured reduction in the pace of its asset purchases."
The entire statement can be read
In conclusion we should expect some sort of short term relief rally in equities in the near term. The resistance levels in the major averages will prove whether the short term trends can continue upwards or setup into another leg downward.
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