North American stock indices have been trading in the red all day in advance of the FOMC announcement. Kicking things off this morning was a disappointing productivity report out of the US, marking the first decline in a year and a half. In Asia, markets fell after data showed Chinese imports grew at a slower pace while exports increased - that's not the best recipe for a global economic recovery. Now since the FED announcement at 11:15, markets have gained back some ground, but still remain in the red; in addition to keeping its policy rate unchanged, the FED looks to add additional stimulus buy buying government debt. I'll have more details tomorrow so tune in. Ultimately, it looks like the FED's policy rates will remain low for much longer and expect further stimulus through more quantitative easing in the future.

GB