Futures flat morning after Fed-day rally

|By:, SA News Editor

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.

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