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This is the Fed Decides on Bloomberg television, on Bloomberg Radio.

Tom Keene, Jonathan Farrell, Lisa Abram was done off today.

And really, I've got to just go straight to the markets. What the Fed said is we don't have

any decisions about any further rate hikes. What the market heard is, you're done. And you could

see a rally in bonds. You're seeing a rally in stocks, Tom, that caught my attention at a time

when the Fed is trying

to parse through nuance, and the market only hears one thing.

The moves are so correlated and so abrupt, including oil, West Texas Intermediate, almost

getting down to a 79 handle, which the chairman alluded to in the final question on the war in

the eastern Mediterranean. But in the bond market, Lisa, what's so important

here is these moves are so large, I have to go to a standard deviation analysis. Conventional

financial TV doesn't capture the magnitude of the vote you're seeing. David Rosenberg,

always brilliant out of Toronto, making clear this is a Fed

...