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I want to bring in an expert who can help us figure out what the Federal Reserve

means for investors. Don Rissmiller is the chief economist for Strutigas research.

He joins me here in a studio.

Don, maybe you could explain the relationship

between what we did or didn't learn

from the Federal Reserve and the stock market and

bond market reaction this week. Yeah sure well it's good to be here so let me say

a couple things to start out. First, the Fed was trying. I really do believe

that with the statement and what came out in the press conference. They were trying to thread

the needle to say the U.S. economy, when we look at things

like the labor market, is in good shape.

So if you look at the unemployment rate or jobless claims or some of those data series, that part of the economy is doing quite well.

What I think was missing from the Fed statement was some mention of the interest rate sensitive

...