[nemanja]

> ...move did nothing to assure markets that the Fed is in control, or set credible, measurable goals for future hikes

Markets respectfully disagree, see the uptick across all indices since the announcement.

As you point out, there is only so much Fed can do and they are taking a measured, responsible stance, well within expectations. The fact that Fed's actions are fully aligned with expectations is kind of the point - the last thing they want to do is spook the markets, so messaging and signaling is key.

[encoderer]

A huge percentage of net market moves happen on the days around fed announcements. Your interpretation of the reaction needs to be rebased onto that history. Today only looks like a big move compared to an average day in a week without a fed announcement. You can see this here: http://slopeofhope.com/socialtrade/item/19476?__share=52402

[Estragon]

All a rise means today is that the markets had priced in a higher hike than the Fed posted.

[gozur88]

I don't think anybody believed there would be a larger increase, particularly in light of the lack of inflation.