Stock index futures are flat and bond prices are holding onto their big gains from yesterday following the FOMC meeting, updated economic projections, and Yellen press conference. The 10-year Treasury yield is 2.59%.
Yellen said all the right things about rates remaining low for a long time, but - should the meek recovery continue for another handful of months - the FOMC believes we're on the path to rate hikes by this time next year.
Europe's Stoxx 50 (FEZ) is ahead nearly 1%. In Asia overnight, the Nikkei climbed 1.6% and Shanghai fell about the same amount.
Gold is up $9 per ounce to $1,282.