You're listening to Closing Bell in Progress.

Welcome to Closing Bell.

I'm Scott Wopner here at the New York Stock Exchange.

That was Fed Shered Powell after the second pause meeting in a row.

No hiking of interest rates, exactly what the market was expecting

of course with the real question heading into today what comes next in terms of

on that note the statement was very similar to the past one which led to the pause chair

Powell saying inflation has moderated but remains well above the target of 2% getting their

quote in his words has a long way to go, economy expanding at a strong pace, above expectations,

but that the full effect of policy tightening has yet to be felt, said there will proceed carefully,

said that at least a few times. We'll make meeting by meeting

decisions. We'll have Jeffrey Gunlock of course of double line as we always do

exclusively coming up in just a moment. In the meantime let's bring in Josh Brown of

Ritholt's wealth wealth management he's also a

c. NBC contributor here with us on set. Nice moving stocks. Nice drop in

yields. You think that's on the idea that they're done? Yeah, I think the reaction in stocks started off as muted.

There's actually only one sector that's in the red right now.

Outperforming sectors are a little bit of a mixed bag.

I can't really tell a great story about this.

Maybe Santoli can come up with it. Tech, utilities, communications all up more than 1%.

I think a lot of what we're seeing here though is just the fact that there is no new news.

Art Cashin had a no doubt relatively quickly once we all saw the statement.

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