Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors.

Live Market Analysis Of Today's Fed Decision

Jay Norris will be moderating this afternoon's Fed decision live for FXStreet.com.

To attend the live, interactive webinar where Jay will highlight the markets reaction to the news go to: http://www.fxstreet.com/webinars/sessions/session.aspx?id=48b74a9f-f311-49a0-87f0-4b72bce86458

Chairman Bernanke's resolve in putting job growth and market stability ahead of all else will continue as we see the Fed leaving its bond buying operations open ended. Last month's disappointing jobs growth number supports Bernanke, and the FOMC's earlier decision to extend QE policies. Bernanke enjoys the support of the majority of voting members of the FOMC, with previous hawks quieted by the central bank's victories on the inflation front. With inflation slowing, the banks current zero interest rate policies are becoming more acceptable to a larger percentage of market watchers. It will be harder to get a fix on the seriousness of the currency market's reaction to the meeting however, until we get past the ECB's meeting the following day. Press coverage will probably focus on the likelihood that Janet Yellen will succeed Bernanake as the first female Fed Chairman next year, with the main take away being any possible reduction in stimulus coming at the discretion of the Fed, and not based on a formal schedule.

Jay Norris is the author of The Secret to Trading: Risk Tolerance Threshold Theory. To see Jay highlight trade set-ups and signals in live markets go to Live Market Analysis.

Trading involves risk of loss and is not suitable for all investors.

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.